A large multifamily building with one unit dedicated to management living.  

The project got off to a slow start with the building department.

After 5 years dabbling in STR's, BRRRR's, and flips, I'm ready to focus on one area and asset class, scale up, and build a portfolio that I can eventually retire on.

Soaking up as much information as possible from the Bigger Pockets podcast, preparing myself for taking action, and looking for conections and building relationships.

Build cost 2 million ($240 per square foot for a 5400 square-foot duplex) (Sale price $650 per square foot valuating the duplex at 3.5 million) Upon stabilization, the properties market value is projected to be between 4.5 and 5 million.

If for instance the service life is 10 years and they are 5 years old, it seems reasonable to charge their security deposit 50% of the costs of replacing the damaged units.Here is the HUD Service Life list if you are interested:https://www.hud.gov/sites/documents/EUL_FOR_CNA_E_TOOL.PDF Good Luck! 

Build those personal relationships!

Margins are small, and to me, the real wealth-building in REI comes from the long-term appreciation, not the short-term cash-flow.Anyway, welcome to the forums.

If the buildings are all on one lot this won’t apply.

One in my building was 850, 4 months ago, now 610k, BTW where is the prop located he got a 20% higher then expected?