I can't make that a habit though, or I'd be better off tearing the whole thing down.Since I notice that you're in PA, I'll also mention that this building is in a suburb to the north-east side of Pittsburgh.I'm honestly not too afraid of vacancy in this building as I'm trying to improve it and raise rents - but I definitely don't want to lose the good ones and keep the bad!

Any other ideas how i could improve or change this strategy for the better???

Tax and Ins are actual.According to it I was getting $1915 a year cash flow at 12% COC return.I have already had to put in a new septic line that cost $800 so my maintenance expense is already shot.Using the 50% rule it cash flows $72/month for a 5% return.So, do I refinance longer term to improve cash flow?

Face to face interaction is actually my preferred method of dealing with customers, clients, etc.I am new to the real estate business in regards to investing, but I have spent a few years negotiating bank terms and rates on the behalf of owners.My business partner has experience in real estate as a landlord/owner.We are looking for lead sources and marketing strategies to maximize our efficiency as we setup shop.

Improvements made to the property do not increase the size of the glass, they allow you to drink more of the water.

Many improvements don't.Right now its almost always cheaper to buy and rehab than to build.Don't bother buying something, rehabbing it, renting it, then selling.

Before committing their time and energy to your development, they will likely want to see evidence of your personal commitment to your education and development.

For example, real property that is improved with a residential rental house is like-kind to vacant land.

That improves your DTI.

As Will touched on, you can make your own system (locally) more efficient and profitable.