I want to also do some renovations and make the downstairs basement extra room and turn it into a room by adding a wall and closet.

I'm currently looking at a 1920s multi house now and am hesitant bc I am still running repair numbers to see how much room for equity I'll have.

  $1200-$1500 will furnish everything in a 2BR STR except an HDTV in the living room. 

The goals is cash flow and more properties and this property would give a couple hundred grand to make that happen. 

I want to invest in real estate somewhere that has room for appreciation and stable rental market.

Purchase price: $185,000 Cash invested: $106,000 Sale price: $394,100 complete interior renovation, merged two bedrooms to create master suite and vaulted ceiling, opened main floor so living, dining, kitchen and foyer all connect, in floor radiant heat (important on lower levels in Wisconsin) and custom vanities and tile in baths.

I feel like you have more room to hold them accountable to a certain level of work and have clearer boundaries. 

So there’s room for things there.

This gives you a lot of room to make the mistakes in your numbers to learn from.

First unit has 3br, 1bth, living room, 1 kitchen 2nd unit/2nd flr has 2Br with 1room that can easily be converted to another bedroom. 1bth, 1 kitchen and 1 living area.