This is my first project and a very extensive one.

So here goes.I am in the home stretch of my real estate license class (hallelujah!!).

But the key is to managing it successfully and this is where most people lose their shirtLong story short, we slowly removing non performing tenant and move in good tenants.

During the feasibility period you will want to:1) Perform inspections of the property2) Get estoppel certificates from all the tenants3) Get all leases4) Get copies of all financial information, including copies of all expenses paid for at least the last year.5) Get rent roll6) Determine if a certificate of occupancy is required, and find out if the seller has one.Those are a few of the items you will want to see during the feasibility period.As far as the HVAC, if the unit was installed in the 80's, it's well past its useful life.

My home in Pearl City is appraised in the mid $700s...2000sqft, 3/3/2 with studio extension...so I realize that my house is not the normal single family home...but I did buy in early 2000s so my entry price was low like yours. 

(They should perform at least a quarterly inspection.)9.How do you handle capital improvements?

This property is 1.4 acres with a four bedroom, one bath home in need of extensive renovations.

As you can see per the attached images the damage to my front stairs is pretty extensive from the mortar and winter salt.

Hi all,Went to an investor's meeting in my town and the organizer invests in performing and non-performing notes.

Chicago BP'ersIm doing some analysis for our upcoming sale of REO and Non-performing Notes in Chicago.