Companies that don't do sufficient rehab are going to encounter capex sooner than later.

Those theoretical numbers can be achievable if you do sufficient due diligence…….but they can also turn into a nightmare if you’re not careful.

Keep in mind it takes a while to build a house (2-3 years from start/land/permiting to finish).Housing Growth: ApartmentsOne important note: overall housing may not see an insignificant (but not sufficient) increased supply in one sector: multifamily apartments.

Personally, I've kicked around the idea myself, but for me personally I'd want a deal sufficiently good that I have instant equity (which sounds like you are doing) to sell at profit if I chose to and a place that would still cash flow as a long term rental to create multiple exit strategies.A few other options to throw out there ...

This approach would require more money and potentially have more risk as far as getting the right team of contractors to rehab and build out the additional unit but at the same token a higher-yielding investment. 

Even if we have one, the present inventory shortage may not become a sufficient surplus that would result in a significant price correction of real estate assets.

Its pretty hard to do damage sufficient enough to clearly justify charging for an entire repaint without it just being easier to gut entire walls and drywall from scratch.

Additionally, you'll find yourself passing on responsibility for things you will NEED to eventually learn to your partner, then one day your partner won't be with you anymore and you won't know what to do in those areas.My opinion is to hold off on partnering until you're completely self-sufficient...

A 6 mil vapor barrier and floating floor would be sufficient for encapsulation in my world.

My landlord installed Clear Token on the laundry machines.