I then spent about 10,000 on a new roof and complete bathroom rehab.

The big firms are structured around residential business, although you will always find individuals that know their way arround in the investment world.

Basis cost is structure cost, so is generally calculated as purchase price - land cost.

Usual upgrades are LVP flooring in all common areas and bathrooms, neutral tone paint, paint the cabinets, new lighting and fixtures, and stainless steel appliances, which I really believe makes all the difference in the world with C-class apartments.  

This is a way to structure your sale so that you get cash at closing and you can defer the capital gains tax and depreciation recapture for 30 years.

Must include:- obtaining all licenses and permits- tear down of existing structure(s)- complete build including finishes

It was an outlier in my investing strategy and no longer fit my profile.The goal was to make it as neutral as possible while using a modern color scheme.New floorPaint - Walls, Shower, counter top, fire place.New bathroom Updated the master bath New appliances It listed it and sold it on MLS in 5 days with multiple offer over asking.

What I'm looking for is your responses to similar scenarios, and ideas on how I should structure the letter, maybe a copy of a similar proposal you have sent (numbers omitted) to give me (and others) a starting point.

Another thing I use to do before this book when I was getting started was to walk through Home Depot/Lowes and get familiar with average costs for big repair items like water tanks, HVAC, appliances, kitchen/bathroom cabinets, flooring etc.

", what I mean is that when you get a deal brewing as a new investor, you can bring the details of the deals here and experienced investors will analyze it and help you structure it correctly.I hope this answers your question.