I was alway interested, however the cap rates made look elsewhere.The house was built from 1890, so it was spent mostly on modernizing (ie. electrical, new kitchen, washroom, adding powder room, removing walls for open concept, new everything pretty much) and creating the second unit (long story on foundation)

They also aren't as aesthetically pleasing as more modern systems and the radiators tend to take up a lot of floor space.

Now, those benchmarks Brandon mentioned are for Washington, a much different market than metro Boston Massachusetts, my market.

That would be the benchmark in your case I would think. 

You are required to purchase the textbook, Modern Real Estate Practices in Texas, 14th Edition, by Dr.

Efforts could include new, efficient, appliances and mechanicals, improved insulation and weatherization, benchmarking utility usage, renewable energy, backyard garden space, bike parking, proximity to public transit, good walk scores... you name it!

The reason being is that most older multi family construction will fall very short of modern code construction, and an irritated inspector could cost you thousands.

@Reid FrohlichI've shopped around a lot and found that, at least in AL and KS, the most competitive rates were with American Modern and State Farm (the latter was a bit surprising).

I think right now I'm going to focus on selling this house I'm living in that's brand new that I hate.. long story.. a condo that doesn't cash flow well that I have in sherwood park and build a nice modern looking house with a single bedroom legal suite below.

I am looking at a house built I'm 1983 that is in a good neighborhood, full of the same style renovated, modern looking homes.