The rental market in the mid to higher price range is a bit lacking so having a rental in that range should go quickly.

Total reno cost: $85K.The best part?

I’m curious—how are you all navigating the current lending environment for your real estate deals? Are you sticking to traditional banks, exploring private lenders, partnerships, or maybe something creative like selle...

This can be a city or neighborhood.We manage a lot of Class C properties in the City of Detroit, so previous evictions are common.We typically do NOT allow within the last 3 years and we want to see stable employment, income and no other major credit issues since.For Class B rental we're looking for no evictions in last 5 years.Class A, would be at least 7 years.Of course, there are exceptions to all of the above for extenuating circumstances the applicant is willing to provide acceptable documentation for.

The definition of “livable” or “finished” space can be surprisingly specific.In many markets, including here in Arizona, appraisers and agents generally want the space to be finished in a manner consistant with the rest of the home and serviced by a more permanent heating and cooling source.

Investment Info:Single-family residence buy & hold investment in Climax.

However, that's in a sparsely populated area.

Investment Info:Single-family residence buy & hold investment in Climax.

Not adding any additional living space, just dividing the two units, putting a kitchen in one of them, and probably not having to add a bathroom to either unit.  

This strategy works best in the areas seeing the strongest gentrification.