If it's really old you could have a galvanized water main going to the street as well as a host of other issues.I think 15,000 a door is about right for the size of the units and fixing the outside as well given that there are no more other large surprises that could run the total cost up.Take 42 units at 15k a unit rehab = 630,000If landlord is to pay water you use 60% for total operating costs averaged over time.

Agents always have perspectives that surprise me.The only way this info is useful for strategizing one's next offer is if you are willing to pay more than the other investors.

Welcome to BP, I'm pretty new to the site as well but have quickly learned there is a TON of information here and was very pleasantly surprised that I have finally found a place where people aren't selling their knowledge but very willing to simply share their experiences.

My tax figures came from the County website, so I am surprised they raised as many eyebrows as they did.

@Eric Belgau In Denver you'd be surprised at how much commercial warehouse space is leased for grow operations.

ie Cash, Quicks Close, No Closing Costs, No Realtor Fees ,etc.It has been surprising to me that a majority of the responses I have received seem to have no clue on why the heck I would be sending them a letter as if they have never seen them before.Any suggestions.

You'll probably be surprised to see that the land value is closer to 30-40%.

There is a rumor floating around that a big name person may make a surprise visit during the Summitt.

I'm surprised that there are only 2 of us from NM (that I know of).

I am surprised that painters are booked that far out.