The snowball effect could not be more evident to me as I reflect on this deal just 18 months ago.

The snowball effect could not be more evident to me as I reflect on this deal just 18 months ago.

And then 3rd floor was a major project since the floor was unlivable so I wasn't sure I'd have enough money and didn't want to bite off more than I could chew to start.I say all that to say, while it's most time and cost effective to renovate by the trade and get it all done at once, sometimes that's not the best for your situation.

Real Estate is generally viewed as a good asset when it comes to inflation, but often real estate is not included in the basket of goods that measures inflation, you may ask why, because we do not buy a house every ...

No issue paying cash, just curious on cost effectiveness… as storage and commercial are not my expertise.  

Having a dozen units under one roof is way more profitable and cost effective.

After you transfer the property to the LLC, give the tenant a short letter that explains the transfer of ownership and that all other terms of the lease remain in effect.

Scott's book will provide a helpful start in teaching you the categories of fixes you may encounter and their relative (but not absolute) prices in your particular market - and having the contacts necessary to put your plan into effect in a timely way.  

Also, finding good deals in a timely fashion is a challenge these days.I would think the operating agreement of the LLC would make it difficult for the GP to effect a 1031 exchange unless he effectively bought out the LPs, removing them from the entity.

Insurance company said it is effectively two homes so it will be more expensive.