The downstairs is a small grocery bringing in $1000 per month with a scheduled $100 increase each year until it reaches $1300.

Now this was two years ago, and the rent has gone up to $1250 with 2 of the 3 students staying with the house and splitting the rent even with the price increase.

Because once you stabilize the property, you will have created massive equity and drastically increased the cash flow.It takes anywhere from 6 months to 24 months to stabilize a property.

You need to figure out what the market rate is, and for sure with every vacancy increase to the market rent rate.

Hello everyone,I know for determining ARVs it depends on a variety of factors (area, neighborhood, condition, comps, etc) but from what you've noticed in your own personal deals and the final appraisal what are some things within your control generally to increase ARVs?

One of mine was $5200 a year for 11 years and increased my tax burden $13k. 

Yes, although the prices has increased very steadily so I think there are better opportunities elsewhere.

If it’s a gut job, then I usually go semi modern with new materials.Keys is to stick to one theme throughout and work within he same color pallet.

In my case I have decided to do minimal/moderate improvements, keep this building pretty much as it is since I am able to increase the rent quite a bit anyway, and do a repositioning with my next MF investment.

I guess the reason they've captured some interest is because of their increases haha