The opportunity of renovating the home just wouldn't pencil.

While I know the property has appreciated based on the market, I'm not sure what the property would appraise for, but I could tell you what I think investors would pay for it based on an NOI of ~$33,000 at the cap rates properties are trading at in the bay area.So, if I can't borrow against my theoretical equity, the thought of selling and trading into a larger property had come into play to put that equity to work in a better way.

If it's a larger organization, feel free to inquire about their different staff qualifications.2.

William, Some utility companies have warranty/ service agreements that you pay for every month, i do not know how fast they would come out to repair stuff. i know here in NJ our Gas/ Electric provider, PSEG, has such a program but you pay for it monthly whether you use it or not, i don't know if they do minor stuff, mostly larger appliances. but that may be different with the utility co. by you.

Know your comps and visit them to not only ask what they charge but also to get a feel for the quality of the units, renovation level, curb appeal, functional obsolescence, etc.  

Please understand that this is for repairs, not renovations.  

Mine didn't see me needing the protection of an LLC until I grew larger but advised liability insurance.  

As I work to make RE income replace my W2,  I I've been studying and analyzing larger apartment deals (attending Michael Blanks forum next month as well) and MFP's. 

I didn't know what to put in the "Expense increase" and "Income Increase" and "Property Value Increase" so I just did small numbers. 3%, 1%, 1%  The property would need approx $100,000 in renovation, that I would not do yet.I am selling properties similar to this around $650,000.0I intend to just hold on to this property for the rental income. 

Did you have to do any renovation prior to renting it out?