It’s in a great neighborhood that is in high demand= great tenants and zero vacancy, rent increases of 16%/year with no complaints or turnovers, the rent is high enough that even though the ratio is low the actual dollar amount of profit is plenty to cover unexpected cap ex and maintenance issues, principle pay-down is significant, and best of all while positive cash flow is currently “only” $350/unit/month (achieved through rent increases), appreciation has been equal to $350 PER DAY which has allowed me to refinance and cash out my initial investment plus well over six figures.

i have never heard of or seen it ( that i know of) around here. my kitchen will be getting torn out this week and im picking up cabinets tommorow. starting tommorow i will be getting the ceilings scraped and starting to mud the walls. throughout the remodel i will have a couple outlets to move, my over range venting will be moved, running new lighting and i will be running a water supply line to a fridge. new cabinets,paint and floors and im really hoping to have this kitchen done within 4 weeks.

If you have unexpected delays, longer term loans will make it less painful.

I included the  $1500 for unexpected expenses.

I still have a lot to learn but trying to use all the possible outlets I can to get there.

It's way better to put in an outlet, typically split with half controlled by a switch for the garbage disposer.

We will hire an electrician for wiring the new fixtures and outlet installation (~$100/hr)The goal for our renovations is to increase the amount we can rent for (close to $1700/mo after rehab), to stand out as a cleaner and newer house than the renting competition, and to force appreciation in order to get a better heloc for future investment projects.

Any GFCI outlets (the ones with the reset button)?

I don’t have a lot going on for me right now but that’s where the importance of knowledge and experience come into play.This is an outlet full of experts on the subject of real estate and other accompanying fields right here who are perfect to get some advice from.

There was an unexpected obstacle in the foundation work and some weather issues which caused some warranted delays, but the rest were due to the contractor's constant missing of deadlines set, their disregard of this project in that it's probably a tiny one compared to the others they're working on, and the back and forth with they city to revise plans and inspections.