For instance I have a $1.5 million policy on mine and I am building another $400,000 at the moment and will add another $500,000 to my umbrella policy once they are finished before any tenants move in.

We just finished a restaurant project in Union Square a few months ago, TB Pizza, and we've done some residential and office spaces in town as well.

Or you can think long term and know It always helps to have a local guy who is financially invested in the outcome of a property as opposed to just a paid worker, so you'll get priorities from him, better rates and someone who ensures quality finishing etc.

I know of plenty of suburban duplexes where both sides are 3- and 4-bed townhomes with garages and finished basements, built in the '90s and '00s.

And going from 3-4- bedrooms just doesn't add value (especially if the space is already there just not finished).Sell and take the money tax free. 

I may add that David Greene book to my reading list, once I finish the book I'm on.

The zoning city inspectors were very responsive and glad we were improving building but they wanted the entire building renovated before a single unit could be rented (which makes sense, but my original plan was to renovate 2 units and then market and rent those 1/2 way through to start getting cash flow sooner while finished the last 2 units).

I have seen some from the range of 25k-40k depending on finishes.

I’m about to finish up my first flip!

If feel that it’s such a sweet deal that if I’m not able to find a end buyer, I could finish the flip myself.