I would consider hanging on to it long term, refinancing to get the bump in cash flow and possibly adding a heloc down the road when there's more equity.You really just need to decide what your strategy is and how quickly you want to scale.

This will be self service as well as full service, we will likely staff two people, one in the morning shift and one in the afternoon, to do laundry, fold, hang, iron etc.We are working with a local lender who is asking for 25% down on the purchase price and 20% down on the renovation budgets, which for the 7 unit is around $160,000 renovation budget and the 10 unit is around $550,000 renovation budget.

.)$10-$25SF18Cabinets$3,000.00Unit(1000SF)19Cabinet Demo$500.00Unit20Interior Door$160.00EA21Exterior Door$265.00EA22Fibert Cement Siding$8.00SF23Vinyl Siding$3.75Wall SF24Insulation$1.50SF25Roofing$2.25SF26Replace Window$175.00EA27Drywall Point Up$500.00Unit(1000SF)28Drywall Hanging$18.28Sheet29New Sheet Taping$6.00Sheet30Carpet$1.40SF31LVT$2.61SF32Interior Painting$2.00SF33Exterior Painting34Mailboxes$10,000-$30,000EA35Wire Shelving$65.00EA Closet36Fire Extinguisher$45.00EA37Blinds$465.00Unit(1000SF)38Bath Accessories$157.74Unit(1000SF)39Mirrors$33.98EA40Garage Door$916.67EA41Trash Compactor$35,000-$50,000EA42Refridgerator(Stainless)$1,035.00EA43Range(Stainless)$782.00EA44Dishwasher(Stainless)$197.00EA45OTR Microwave(Stainless)$251.00EA46Granite Countertops$37.00SF47Formica Counters$10.00SF48Sod$1.56SF49Irrigation$500-$15,000EA50Pool(New Const.)$80,000-$200,000EA51Water Submeters$185.00EA52HVAC Units & Grills$3,450.00Unit(1000SF)53HVAC Ducts Replace$500.00Unit(1000SF)54Tub Refinish$500.00EA55Bath Faucet$60.00EA56Kitchen Faucet$115.00EA57Kitchen Sink$175.00EA58Fiberglass Tub Replace$950.00EA59Toilet Change$135.00EA60Outlets & Switches$750.00Unit(1000SF)61Ceiling Fixtures$75.00EA62Ceiling Fans$220.00EA63Panel Replacements$635.00EA64Additonal Wiring$250-$5,000EA65Smoke Detectors Battery$17.00EA66Smoke Dectors Wired$40.00EA

I was also thinking about long-term for example I see pre-war homes on the market, and if you are a buy and hold investor you might be owning that asset for another 10-20 years, which in theory necessitates a remodel at some point in the future..

So hang in there and I hope you find yourself a great deal!

It’s our first properly so looking back so many things we could do better like get the property fixed in a timely manner, have a better plan etc. hanging there, we will get there eventually.

So it's not very convenient to hanging out with your friends and family in Mesa. 

Wilmington and the Outer Banks is great if your looking to hang on the beach.

Or are you looking for how to's: how to hang a door, install a sink, etc.Design focused inspiration will be more prevalent on IG and Pinterest.  

If your looking into purchasing more properties for business use then perhaps an LLC would be more beneficial but once again, it is up to you and your preference.Before filing your taxes, get in touch with an accountant or CPA who is well versed in Rental Properties and discuss in detail so that you can maximize your deductions.It may seem like a huge complicated process but I assure you it is very simple once you get the hang of it.