@Fuat BagseverHi Fuat,There are so many high cashflow markets across the US.Maybe look at purchasing another complex to offset your losses on the one you will closing on.I have been down this road with my portfolio in Australia where I owned numerous properties hoping they will appreciate in value.I have decided to not purchase a property anymore unless it is a heavy cash cow.Just my opinion.Thanks and have a great day.

As I said I do have a general idea of the steps that need to be accomplished with reno but once I start inviting trades then I think I might get higher prices (for homeowners) since they don’t know me they never worked with me, etc.

After High School I went up to The University of Florida and majored in Economics and Business Admin.Since then I have partnered up with my father and we now own a flooring company, specializing in carpet and tile cleaning.After working with numerous property management companies, as well as real estate companies, I have gone "behind the scenes" and have fallen in love with real estate.

I have bought numerous Tax deeds in Hillsborough County...actually living in one right now, believe it or not.

There are numerous places here in Utah to learn and learn from.

He was doing an open house BBQ at one of the houses that he finished today (no he didn't finish the house today, the BBQ was today lol) and he invited me to it, but I don't have any transportation so I took a rain check, but I was suppose to have called him, gawd I hate working Graveyard Shifts, I was a bit to tired today wound up sleeping all day, that and my allergies are acting up again.

Johnson, the SF invite is appreciated!

I know it may be a little bit of a drive for you, but just in case you are ever interested, just PM me your email address and I will send you an invite!

Yes, it's definitely a process and you have to go thru your county planning and zoning, and it gets reviewed by numerous other depts.

@Kris Benson Let's invite some others in that know multi family.