The situation we are faced with now is whether or not we should take a chance and renovate one of the units bathroom and kitchen prior to selling in hopes of making a return on the money put in for the renovations.

Exhaust fans aren't required by code here, and honestly it would be really hard to put one in that was the required height above the range due to the sloping ceilings.So, in short, I would really like to put an electric stove up there and have the gas line capped off before the new tenant moves in.

Between the 20k and the money I know I will put in to renovate the house it feels a bit overwhelming.

With about 100k to put  down, I don't think I can be anywhere close to cash flow break even (at least not in any market that is driving distance from the Metro DC area). 

RE is nothing but getting out a spreadsheet and putting in all of your costs and all of your income.

Put 5% down, maxed out 3% credits, got an additional $3,000 out of inspection items, rolled commission into deal, after all of that and prorated rents we only came out of pocket $2,000 for the acquisition.

I believe that it would be easier to reach an agreement than to put the property back on the market.

Our budget is $700k, and we can put up to 20% down.

Cause as I see it -in sub2 you don't have to put money in the deal + the rate for the mortgage is lower most of the time, but the work for find the deal and get the deal done is hard.with brrrr it's easier to find the deals, I mean you can also find it on MLS but you have to put money of front and get it back when you refi...so I'm little bit confusedthanks

I either tell them I can put them on a waitlist or refer them to a unit my contractor has told me about if I have nothing available.