We believe everything we do should help improve someone's journey...We do this by bringing Veterans, Retired Service Members and Accredited Investors to build wealth and “Get Their Time Back”....We just so happen to syndicate the purchase of multifamily property with our friends.We are rolling out our March to 1,000 doors and are seeking some assistance.We believe that investing with a purpose is important, we are committed to donating a percentage of our acquisition fee to a non-profit organization that serves Veterans.

Take the "improvement" portion of your purchase cost (usually you figure ratio from your assessed values to figure the improvement portion) and divide by 27.5. 

Based of the fact you are putting down such a large down payment and the area im going to assume there isn't much equity growth left. with that said, it is turn key 🔑  which means there will be zero cap improvements and minimal maintenance if any.  

Make the commitment to improve, and stick to it. 

Great improved income 25% Lessons learned?

Shoot the tenants that don't meet your income guidelines, even though the rent is paid.If you have a rent increase planned, coupled with a Value Improving renovation, you may have to get new tenants.

The amenities continue to improve and there are still several massive public/private initiatives in the works like the Hostess block and the East-Central plan. 

Improving the neighborhood, as well!

If the existing loan/appraisal was done no more than 6 months ago, the appraised value can't be higher than what that original appraisal was...even if you improved it.

I was trying out a battery powered one (smaller lot) and left it.