I owned a 6 unit small retail property many years ago and one thing that hurt our cash flow is when a tenant left the space sometimes stayed open for a few months at a time unlike a multi-family.Option 2 is to purchase and sell as biz condos

(e.g. new mechanical systems, HVAC, hot water tank, flooring, paint etc) But NOT thoroughly rehabbing it (e.g. new kitchen w/ granite, new bathrooms, new plumbing, electrical, windows etc)Personally, I have always rehabbed my rentals nicely, and asked for higher market rents.

Without dragging the post out too much, it was essentially a gut remodel (saved cabinets with paint), new bathrooms, new hvac, new windows, new flooring, new paint interior/exterior.

Adjustments are dollar amounts assigned to features --  for example, if similar properties have parking spaces or garages, and yours does not, could throw your ARV off by thousands of dollars.I wrote a Biggerpockets blog post on how to analyze comps and calculate ARV here if you'd like to check it out: https://www.biggerpockets.com/blogs/8814/68395-how-to-find-real-estate-comps-and-calculate-after-repair-valueHappy investing and feel free to reach out if I can help in any way.

The rest was funded with credit lines and cash from first flipCondition of Home: Crack houseLots of trash to be removedPiss and crap all over the floors. 

Are those engineered wood floors?

I’m not sure how plumbing venting works in these houses.Likely will also need new furnace and AC.Will need basic exterior remodel such as stucco over the existing brick .Finally it will need all the cosmetic stuff done like upgraded kitchen, bathrooms, floors etc.The house is 2900 sq ft but about 1000 Sq feet of that is the dining room and living room which needs very little done to it.Any rough ballparks on what I can expect this to cost with high end finishings?

Hi Everyone,I'm a real estate investor from San Francisco, CA looking to do a few different things in the space.

I am in the lending space and even get solicited by these guys. 

For instance, I know appliances (ie stove or refrigerator) go in the 5 year bucket, however what about windows, floors or decks??