Maybe in a rougher area in your town that is improving.

I can see reduced rents but everyone leaving town all @ once.

We anticipate about $150k in repairs when All said and done.Immediate repairs/interior rehab approximate about a 3rd of that total.Roof replacement accounts for the rest.First thing that jumps out from the spreadsheet is no PM cost.We are buying out of state,so will slap on the 8% PM fees.Because we already own a similar building in town,we know the water and sewer bill is at least 2x what it should be.So updating plumbing fixtures to reduce water utility portion is a major value play.Rents are also at least $100 under market.Financing is agency debt.6.5% interest3 year term,30 year amortization.There’s a lot of moving parts in a value play.That’s why I wanted your comments and questions first and i can respond as we go.

What part of town do you live in?

Have you ever had or have properties that are located on the coasts in shore towns?

I'm having a mini investment seminar this Thursday at 6 PM in Old Town if you want to stop by.

This is because every town seems to keep their heads up high at the idea of allowing multi-fams in, but a large percentage of the single family mini mansions are actually housing multiple residents.

Will explore and see what the outcome is.

They simply increase rents every year 2 to 3% and are still one of the best deals in town.

op=agent&act=webp...Kelly Upchurch is a broker-owner who use to be my broker-sponsor and assisted me in my first ever probate retail sale.This is her website: http://stonebrookrealtygroup.com/And Megan Laherrere is also a broker-owner and can be contacted through her website:https://www.megansellsplacer.com/All three are also investor friendly and yes, there are programs for the first time home buyer(s).On a side note the town of Pleasant Grove is in Sutter county but within the geographic area of Sacramento county.All three will be able to answer all your questions.