Full rehab - foundation repair, granite, new cabinets, new flooring throughout, etc.

Fieldstone foundations, knob & tube wiring, ancient HVAC, decrepit plumbing, moisture, mold, etc.

People like myself will be happy to fill in the gaps as well but you have to build the foundation as it were by learning as much as you can on here.

Watch some videos on youtube and it should give you a decent foundation to build on.Here's a quick use case with some easy numbers:10 unit property - Purchase price $1,000,000Annual income = 10 units x $1000/unit/month x 12 months = $120,000Using 50% rule - Expenses = $120,000 x 50% = $60,000NOI = $120,000 - $60,000 = $60,000Property was purchased at a 6% cap rate ($60,000 NOI / $1,000,000 PP)---Value Add:Increase Rents by $50/unit/month:Annual income = 10 units x $1050/unit/month x 12 months = $126,000Decrease expenses by 10%  - Expenses = $60,000 - 10% ($6,000) = $54,000.NOI: $126,000 - $54,000 = $72,000Assuming market cap remains at 6%New Value: NOI ($72,000) / Cap Rate (.06) = $1,200,000

I did something similar with a foundation issue.

So here's the (abridged) story so far...Facts:Purchased Two Family in Belmar in April (Two Single Family Homes on One Lot) Using 203k loan with both homes needing "Gut Job"Confirmed Legal Two Family with Tax, Agent, Closing Attorney, and Seller DisclosureHired 203k Consultant (formal written agreement) to prepare a formal Scope of Work for Project with GC leveraging and singing offThe homes had indications of structural issues (through inspection pre-purchase) and all parties were aware before closingUltimately had to hire Architects with PE in-house to draw plans to repair structures using concrete slabsCalled Local Building Inspector and told him the profile of the multifamily homes and that we found major additional issues when demo-ing | He said he would look to only make sure they were up to current code.Spoke again before we submitted permits to tell him about the project and he seemed "fine" as long as it was up to code and just a repair with no foundational footprint change | No exterior walls are being moved, sq. foot remains unchanged, no floors added.The loan is FHA 203k so one of the units will be a primary residence (actually the back unit)Permits were submitted almost two weeks ago with only simple questions returned so far from zoning (the first step in Belmar)Issue:PE told me that he was surprised that town was allowing me to due to a rehab of this size considering the two-family structure has the "backyard" style home which they apparently no longer like.

@David McCracken In this case stopping the water might be the easy part........... install elbows on the down spouts and lead the water about 4 feet from the foundation; install a French drain around the foundation where the soil is the highest-usually 3 sides and lead the water away from the building.

@Spencer Farrar it needs alot of work from foundation to everything inside, no current tenant so I can go in and get to work as soon its closed the price needs to be dropped at least 100k but brrr would be ideal here https://www.zillow.com/homedetails/44-Mechanic-St-Foxboro-MA-02035/57448696_zpid/

It hasnt been occupied in 25 years, has a damaged foundation, needs a new roof, needs electrical updated along with the central air units and furnace.

@Mike D'Arrigo, I'd appreciate your experience in the matter, primarily with PMs and building a solid team foundation.