Assessing both macro and microeconomics is vital.

We have a detailed BRRRR cash flow calculator tool we share with our clients to help assess these types of projects.

They do an initial assessment of the problem, run through common solutions, etc, to get info about the repair.

@Marc Rice - that seems to be an accurate assessment, and I’d fire the fat old guy who’s responsible, but I’d miss me.

Detailed Due DiligenceConduct in-depth due diligence, including background checks, reference calls, and site visits to assess the sponsor's operational capabilities.

Here is my assessment. 

We stay in them several times a year.I'd say my biggest concern is assessments. 

They then issued a special assessment where each owner got charged a percentage of the total bill that included the expensive sewer line replacement, but our portion was less than we would have paid to fix our own unit, so we were fine with that.

Join the conversation to learn about the process of appealing your property tax assessment.

@Marc Shin, I echo Gino's thoughts.First the financial: assessing any improvements will come down to how those improvements affect both your cashflow and your overall value of the asset.