look up property tax record and get name and address of owners, Go to their homes and start a conversation.eMails and texting are not the preferred choice of communication for most people 35  or older. 

It's getting close to Hurricane Season , Whats stopping you from repairing the roof yourself and submitting a Bill to them ?

Extract your capital and do a 1031 exchange into a MFR that can generate better returns.Some notes about your analysis:Since you already own the property you'll be able to refi pretty quickly, but in a typical BRRRR you should expect at least a 6-month seasoning period before a lender will refi based on a new appraisal.You're missing the following expenses:CapEx, should be around 15% when combined w/ RepairsManagement (10%) always include this even if you plan to self-manage at firstVacancy (8%)These additional expenses make you cash flow negative, even at 60% LTV, which is why I recommend selling this property.

What questions do you ask when looking at an older property?

Kyle/Buda looks like it is flooded with new construction, I haven't been seeing many older properties for sale (granted haven't been looking that hard there).

This one was purchased from an older landlord looking to liquidate some properties and I gained a good private financing relationship out of the deal to boot. 

I'm starting to think maybe a well renovated property or one a few years older in an established area may be better way to go. 

In my off season I can get away with working 40 hours a week but from April - September I can easily put in 70+ hours a weeks and that is going to be hard to get a way from. 

@Stephen Robertson I have since posting this switched a bunch over to smartkey...But having older properties with old doors and special locks its difficult to switch some over.I agree the smartkey locks work great for switching and re-keying easily. 

Hey Rick, I have some multifamily properties in Fort Lauderdale and Hollywood FL I might want to get in touch with your contact.What increase in gross rents do you typically receive % wise from summer vs winter seasons?