Walk away from Section 8 and start fresh with a $725-750 rent.

.), so sorry if I leave anything important out below.I've been thinking about small MFH for the past few weeks, and came across this near me - https://www.realtor.com/realestateandhomes-detail/...Its a 4 unit MFH. units are 3/1, 2/1 and 2 x 1/1, being sold for 1.5M$I've guestimated the rents at 2700 2100 and 2 x 1800 by looking at similar neighbouring assets on hotpads.Place seems to be freshly renovated, but no AC (which i think would be the biggest value add).My problem is that however I try running the numbers it wont cash flow.

LOL - It is just all that nice fresh water running into the ocean must be hurting some saltwater fish or other. ;-)  

There was fresh pee on the hardwood floors and stains from what appeared years of pee.  

I started in Milwaukee after my company has reloacted me here from Austria and I was looking for an alternative to Wallstreet and 401k - so it was not my choice and at the time (fresh of the boat) I would have preferred a more exciting city like NY or LA.

If comps vary due to condition rank the condition of the ones that are livable. is it very dated,  needs fresh paint and carpets or is it fully renovated.

Close on the property and start fresh.4.

Now you can get away with a C2 condition by saying you had a 5 year old furnace serviced and doing roof maintenance on a 7 year old roof, as long as you can show all the other items (cosmetic) have been updated.So you can get the C2 rating with cheap finishes because technically it is still freshly rehabbed.

When the rehab is complete, rent the freshly rehabbed unit out at top of market price. 

For her, the foreclosure is still too fresh.