So i have this 4plex im interested in but dont know if its a good deal i ran numbers based on pro forma and got good numbers then i finally got the financial spread sheets and renters roll and its still kind of good but want to run it by you guys: some backgroundProperty was rehabbed by current owner. has 4 separate hvacs all interiors have been painted newer roof new carpet new tileList Price: $309,000Year Built: 1960'sUnits: (4) (2) 2 bed 1 bath (2) 1 bed 1 bathGross Monthly Rent: $2,695Rents: $595, $595, $710, $795Monthly Mortgage w/ 25% down & 4.5% interest rate including insurance and taxes: $1,356Water, Trash, & Sewer: $200Management Fees: 10% ($269)Maintenance: 5% (134.75)Landscaping: $130Tenants pay electricity and gasfeel free to plug in any missing factors all help is appreciated

House just needs paint and replacement windows comps at 105k.

So they each bought one, and she painted hers pink.

I don't see any of it as obvious as contributing your labor by physically installing a roof on a flip or painting the house.Certainly, there are gray areas.

New flooring throughout, 2 completely redone bathrooms, took down walls to open the place up a bit, new doors, fresh paint, some crown, lots of patching, light kitchen remodel that include granite tops and an island with concrete top, new dishwasher and range, new HVAC units, moved some electrical around, new garage door, some fresh landscaping, added a fire pit, and gave the porch a facelift with some new posts.

Counter top type and color, wall paint, outdoor house paint.

.$450K house in Dallas is not considered as investment category. i recommend to sell and buy house in 150K - 175K range with rent in 1400 - 1600 range... following are disadvantage of renting 450K house...You are getting >0.8% rentMaintenance like repair/carpet/paint will cost lot more in higher value houses.

I've had experience with FHA requiring tedious repairs such as adding hand rails to small sets of steps, painting the floor, walls, and ceilings in basements, and other things that perhaps the seller is unwilling to do.

It only requires some paint and new carpet to turn it into a good rental.

I was wondering what everyone's thought was on this 12 unit apartment complex.Two of the units need completely gutted and rehabbed and the others are just mostly paint, flooring, a few minor bath and kitchen updates.