Let me see if I can formulate my question -- this is for anybody here that has had any experience with custom home builders that knock down old, small, 1950-era houses and put up 3,500 - 4,000 square foot mini-mansions that go for $800-$900K.I got a seller that has asked me to come look at their house down around 610 in the Heights. 

. $900 per month current rent Upstairs there are 2x 2 bedroom apts. $600 per month each Total: $2100Listed $110,000 Tax: $166\moInsurance$176/moUtility's; $100/moLawn/snow care: $50/moVacancy:$100/moRepairs: $100/moCapex: $100/moProperty management: $200/moMortgage$462:moTotal expense:$1443Monthly cash flow: $657Annual cash flow: $7884$22,000 downCash on cash return %35I guess that's what the current owner pays in insurance kinda kills the deal a bit.

. $900 per month current rent Upstairs there are 2x 2 bedroom apts. $600 per month each Total: $2100Listed $110,000 Tax: $166\moInsurance$176/moUtility's; $100/moLawn/snow care: $50/moVacancy:$100/moRepairs: $100/moCapex: $100/moProperty management: $200/moMortgage$462:moTotal expense:$1443Monthly cash flow: $657Annual cash flow: $7884$22,000 downCash on cash return %35I guess that's what the current owner pays in insurance kinda kills the deal a bit.

My fiancé and I are considering placing an offer on a beautiful 6 bedroom 2 bath in Albany.

I am using Michael Blanks SDA so just really want someone to double check.

Hi Jason, welcome , Romance AR here, were close , working on a small 2 bedroom on lake Conway now . nothing fancy but cash flows .Rod 

I've been living in my home for 7+ years and I've seen the neighborhood change with some property owners renting out their homes instead of selling them.In that span of time, I have dealt with and encountered a slew of issues from many of the renters - the noise ordinance issue being the biggest complaint, based on many of the culprits blasting loud music from their cars at all hours of the day and night, with no regard for the time of day and who they were disturbing.Yes, I have called, the police - along with other neighbors, but being that I have lived the closest - with the culprits either living beside me, across from me and now adjacent to my bedroom windows as the others have either moved or stopped.The other issues have been lessened, like the previous renters shooting as they have moved, but all of this tension has been building.

Look at the RECENTLY SOLD PROPERTIES having similar layouts (number of bedrooms and bathrooms) that are within a reasonable radius, of the Subject Property.

This is why a lot of folks will do a double close for fixers.

Then, like magic I bought 10 total rental condos, had $50,000 in cash flow rolling in and then appreciation happened and those rental condos doubled.