We pay 30% more today for labor than we did 5 years ago (quality labor that shows up). 

The new bid was for tear off and replacement with a quality, thick, EPDM, an insulation layer, and included four (4) sheets of sheathing (4'x8') per building.

If you purchased that property with the primary intent to resell then a 1031 exchange is not appropriate. 1031 property is property you purchased with intent to hold for productive use.

Consumer Product Safety Commission (CPSC), Kidde announced a recall to replace certain Kidde fire extinguishers.

Finding good, quality deals with value add that we feel are not over-priced2.

Having these facilities within a short walking, driving, or biking distance will dramatically improve quality of life and easier integration into the community.

What I really like about this neighborhood is properties are cheaper but it’s still close enough to western you can pull the same quality/millennial tenants as properties just east of western that cost nearly twice as much. 2br 1ba 1st floor unit: $1300 – Keep as-is2br 1ba 2nd floor unit: $1550 (Will try $1600 first but to be conservative) – Keep as-is3br 2ba duplex unit: $2200 conservative depending how luxurious comps go up to $2500ish – RehabParking: $75x2 = $150 Total rents: $5200Purchase price: $530,000 with a $7500 closing credit + $20-25k for spiral stair case install and remodeling of attic = $542,500 at $5200 = .95% + added equity being a legal 3 with 3br 2ba now.

An LLC is a good idea but if you purchase with a conventional loan or many other loan products they will require you to put the property in your name. 

Quality workmanship.

Assume a good quality $375k 2bd/1or2bth duplex 4.75% rate, 20% down, $5k closing costs (assume $60k of needed $80 will come from father technically), no initial repairs needed.