I am in the process of setting my capital improvement budgets for the year and I need some suggestions.

I want to skip right over the 3-4 unit buildings as they are classed as residential investments and right into the commercial.Every effort you make to improve the building, each expense you lower, every rent you increase, is a direct increase in NOI and a straight up increase in the value of the property.

Not included are repairs, capital reserves/improvements, vacancy, any owner paid utilities, and management.

@Sean KuhnIf you put 12K of initial capital improvements into the property at purchase then I would include that amount in your initial capital cost (purchase + cost to put in service) and use that amount when calculating CAP, CoC, or any other measure of return.

I've been budgeting, looking into lenders, getting familiar with terms, watching YouTube and BP videos nonstop, attending workshops, my next move I thought to do was join BP!!..

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As to your son's business model, from what I gather, he purchases distressed properties (probably physically distressed, rather than financially), improves the properties, rents them, then sells them to investors and holds the note?

I'm a contractor, so I have a general sense of the costs for a rehab, but will be extremely vigilant when moving through the improvements.

I haven't started putting videos on youtube yet, but plan to.

I did not read any of his books , but I can only say good things from the youtube videos he posted.I wished most of the authors were like him.