Hello BP community,I was inspired by this article to improve my approach to underwriting CapEx costs for buy and hold investments. 

.): $100/mo- Remaining personal loan for home improvement: -$50,000 (8.4% interest, needs to be paid off ASAP)- Cash to invest to start: $0 (all cash has gone toward the high-interest loan- Future salary income available for real estate: ~$500/moWe want to start with one additional property and build our portfolio with more properties over time. 

This way you get to keep your place for which you know the history of last 15 years plus you enjoy all the improvements you did in that property. 

County (delays and red tape - though you can of course not have to deal with this for most improvements)-Prices are very high-Tenant-friendly state - it takes much longer to evictPros:-Tenants tend to stay longer-Property taxes are low VS purchase price-You can quickly fill a rental as demand is there - no matter what the asset class is-Utility companies are super helpful.

Hello Ohio investors,I was inspired by this article to improve my approach to underwriting CapEx costs for buy and hold rental investments.

. #2 Per CRA, you can deduct the interest charge on money you borrow to buy or improve your rental property.#1 & #4 Per lending guidelines, the source of down payment for a rental can be borrowed from loc, relatives, etc.

Again, your attorney (experienced in REI, not just a RE transaction attorney) is your best advisor.If all of your partners are both investors and GPs, then a JV should be sufficient.Money spent on professional advisors, whether attorneys, CPAs, etc. is well spent and will improve your returns and reduce potential headaches in the future.It also looks like you have a bridge loan on this property which, given this market, could be an issue at year 3. 

This improves your odds of success. 

One option would be to add another Rinnai unit in the kitchen, but I'd love find someone with the knowledge and experience to evaluate the entire heating situation for the building and work out a long term plan for improvements. 

Great to see you improving communities in the Cincinnati area!