VA guidelines require that “The surface requiring treatment must be thoroughly washed, scraped, wirebrushed or otherwise cleaned to remove all cracking, scaling, peeling, chipping and loose paint and then repainted with two coats of a suitable nonleaded paint, or:The paint shall be completely removed or the surface covered with a suitable material such as gypsum wallboard, plywood or plaster before any painting is undertaken if the paint film integrity of the surface needing treatment cannot be maintained.” 

Before this issue on a scale of 1-10 how well was it running?

If this process scales, you are looking at even greater returns!

After you get your feet wet so to speak you can then get into full scale fix and flips.

I always look for a win-win that shows the tenant we want to keep them and what the top scale rent should be, then find a meeting place in the 60% range that allows the tenant to feel as if they got a deal and you also made the increase needed.The majority of our long term tenants who swore they would have to move, stayed. 

Other than ripping out carpeting, putting in some floors, touching up the kitchen, fixing up the blinds and some other smaller touch ups, the rehab is not that grand in scale.

As of right now my plan is to have multiple streams of income coming in from business, then use the equity I make from business to leverage down payments on multi-family properties, and the preliminary revenue I make from the investments to invest further and scale my way up.

We have done new construction mid and upper scale hotels with reputable brands.

I like building systems and the idea of scaling in the future is also enticing.

Of course as economies of scale increase, the cost should decrease.