I ran the number with the cashflow about $700-900, assuming minimum repairs (you haven't stated any), 3% monthly maintenance and hiring property management. cap rate is about 10%.

Hi Brad,I ran the number and get to about 8k-9k cashflow a year.

Providing visual aids, photos of other properties could help in communiting your design ideas.Ideally you also want to discuss and define every little detail of the project for every area of the house/apartment, positioning of every light and plumbing fixture, placement and dimensions for areas that need backsplace tile, pocket door installs, reframing and expanding certain areas to increase spaces for showers, living rooms, closets, new shelving to be built, opening up ceilings, re-routing plumbing, repositioning toilets, etc.Then you hope that your ongoing communications will work well.

Sometimes you can lose parking and also your tenants can suffer while the construction is ongoing. 

Hi,I ran across a motivated seller on a four-family in an up-and-coming area.  

I am new to BP  but I ran the BRRRR with assumptions  rents of 500 x 2.  

Ian's site is one of my go-to sources for ongoing information on the crowdfunding industry and has already alerted to me to platforms for which to steer clear. 

@Jd Martin  do you also self manage so you have no placement fee or on going monthly PM fee?

Agents determined Hanson authorized the release of the investors’ monies from his Scottrade Account, ETrade Account, or StockCross Account, into his personal bank accounts.Hanson used the money for personal expenses, to pay off parties unrelated to the investment, or he would use the money to pay off earlier investors who were clamoring for a return of their money.According to court documents, Hanson also engaged in an unrelated ongoing fraud in Apple Valley, Minn., for which he faces a civil suit.

Thanks @Jose Flores  I haven't been to any of the local auctions, however, definitely plan on going now.