Purchase price: $270,000 Cash invested: $1,500 New construction, STR development near Nashville International Airport (BNA) What made you interested in investing in this type of deal?

Hi BiggerPocket Members, I am a graduate International MBA student from Melbourne, Australia.

Painted interior.

Painted interior.

one of my businesses is basement repair/waterproofing...it sounds like the cheapest solution (which will also work as opposed to cheap that costs more later) is an interior weeping system to relieve the hydrostatic pressure which created the problem and then a vertical I beam buttressing system.

Biggest job is interior painting the whole house (but this is only a 700 sq ft house), which I DID hire out because I don’t like doing it, and refinishing two rooms of hardwood floors, which I also don’t enjoy doing but have done many times before... including this house.

Interior Painting for only $1,000? 

We always complete all the interior renovations first and then work on the outside as outside work can be done after a tenant is installed.

We then allowed her to pick out some of the interior decor so that it better suited her taste.

The strategy that attracted me to the deal was to add value with professional management; the GP brings an in-house property management group with scale in the area.Other strategies:• Enhance curb appeal and desirability by implementing common area improvements and upgrading amenities• Add substantial value to the property by upgrading unit interiors and increasing rents to market rate• Improve the resident profile and stabilize occupancy and collections• Increase income, hold for cash flow for several years and sell as renovated, stabilized asset when the best exit timing is achieved What made you interested in investing in this type of deal?