Electric has been upgraded but will receive a proper inspection.

So as I'm in NH taking 6 kids to summer camp (www.FairfieldTrips.org) at the moment, I found a great thread here - which is how I found this website -https://www.biggerpockets.com/forums/86/topics/166452-new-hampshire-areas-for-buy-and-hold#,I want to buy up to a 4 unit MF home maybe 5-15% down; I qualify for the FHA First Home Buyer loan ... so I will put down whatever I need ... want Class B property that I can upgrade the units and turn into Class A.Then I'll buy an investment property on a mortgage ...

In my own example, because I was building the house for myself, I spent lots of extra money on t&g plywood floors, 6" walls, upgraded insulation, etc.

Please let me know what you think.8-plex in a low-income neighborhood, no issues keeping it rented.New elec. and plumbing + some other upgrades like a newer water heater.Tenants pay electric (all metered out), Landlord pays utilities.Gross Rent/Year is around $55,000 ($4583/mo; $572/unit)One unit on the 1st floor could be converted into a store front (I'm thinking small laundromat for the 8-plex?

He said they will repair and upgrade the house and  I see the value of the house appreciating in 2-3 years.OR Option 2 Land contract for 3 years with a balloon payment.

Hi, My wife and I recently upgraded to to Bigger Pockets Pro.  

I have a duplex not on the market and will sell it to you for 75k turn key management in place, producing $1200 a month, $600 year taxes, $900 year insurance, no lawn care needed, fridge 2 year waranty with lowes stove 2 year warranty with lowes for both units less headaches plumbing and electrical is upgraded.

The part to take into account is that you have to live somewhere, so this definitely an upgrade position to renting for 900

I'm only upgrading units when the tenant moves out so if I don't like how one unit looks afterward I just do the next one different. 

Let it age while you get your other tasks taken care of.You can wait until you are actively selling your product to upgrade it, but you should also plan to spend at least 2k, probably closer to 5k for a quality business website.