3/1 new roof, water heater and drainage as of spring 2015.  

Hi Guys,I have found a property that appears on the surface to be a cherry deal!

I've included any negatives I've been able to surface in parentheses above.I'm curious about any major positives / negatives about these markets I might be missing - high crime, new employers, high poverty levels, etc.

Some fix to rent and some immediately cash flowing.We have/have access to the capital but lack the experience to build new.On the surface the numbers look very strong as the demand for multifamily is VERY high in my area.Where can I find plans for a building 12-30 units in size ?

Below is a detailed list of repairs and costs.Repairs and Costs$120,600 Purchase price$3,000 closing costs$950 survey to split lots$800 drywall patching and repair$5,500 for new water meter and installation$500 wire fence$1,600 new paint$300 plumbing repair$250 new carpet$600 new laminate$100 gutters, drainage, french drains$500 front porch$600 new kitchen sink and countertops$2,000 other misc costs, like new blinds, touch-up paint, gravel, necessary tools.Total Costs$137,300The SaleIn May, our tenants moved out and we sold the rental home for $145,000 after finding structural issues.

REI keeps surfacing in my life and I believe there is no better time than the present to jump in!.

I know you'll probably think I'm crazy because I manage my rental from 600 miles away, but this is a temporary situation.A lot of plumbers are tied up now but I believe a good handyman can get the job done (tub drainage and replacing a broken kitchen faucet).

Realtor wants to bring husband by look at, as they seem to think based on my description it's surface cracks.

Affordable Custom Surfaces - 10 Year owner of Property Management Company, Reliable Home Rentals- National Trainer for REO, Industry Leaders, vendors.- Director of Field Services.

There was damage like scratches, scrapes and slight water damage to wood furniture which marred the surfaces.