Property is 2100sqft and needs a ton of rehab since everything inside is in good condition however everything original from 1950.

The Prosper Construction team redeveloped this building back to it's original glory.

I agree with the "it depends" approach when it comes to determining reserves, but generally, it should align with the age and anticipated maintenance needs of the property.For example, we have a duplex built in 2003 with the original AC units and roof.

Originally posted by @Jasmine Zhang:This thread is very helpful and I learned a lot of information here.

I'm originally from Western PA as well (Slippery Rock) and now reside in Atlanta.Here is how I am looking at it along with the assumptions I am making:1) I think the growth prospects are better in the Atlanta market than Pittsburgh from a pure demographics standpoint.2) I estimate your return on equity at 7.2% currently3) Over the long haul appreciation is going to take you further when it comes to net worth than cashflow will4) Doubling of the roofs is doubling the expensesThings to consider:1) What is the year built of your Atlanta property vs. what you could replace it with in PGH?

@Justin Cummings what was your original strategy when you bought these?

Originally posted by @Cody Weiss:@JohnCoreyUnfortunately, very little interest has sprung up from the BP community.

This may affect what you can sell it for.Other option if to find a better PMC and follow your original plan.

In addition, the capital outlay starts long before any income and the detracting of something from the primary structure even if it is just yard space.As indicated, my original protege made a lot of money (over $500k) on a land transaction associated with a large count ADU development.  

In your property folder I'd include a "Closing Folder" with your closing statement and original home inspection (all your major mechanical pictures and ages are there).