I think bringing a design expert to run through these properties with the contractors and put together the design based on a specific budget would be a good idea.  

The tenant is telling the PM that HUD was approving based on old income and they are going to have it readjusted.

We coined the term, "Ring Cities", which is all the cities that touch the City of Detroit.

Usually takes 3 years to cycle through customers till you get a base of good customers.  

We made some adjustments to our pricing earlier this Summer 2022 to reflect some material pricing changes that we have seen.With that said, construction pricing can vary substantially based upon many factors including the project location, property type, specific SOW, material selections, contractors used, season of the year, etc.In fact, pricing can vary substantially from investor-to-investor and every investor will have different prices they use. 

Net income = $39,240Monthly operating expenses are as follows: Trash - $33, Landscaping/yard - $66, Electric - tenants pay, Water - $95, Maintenance $87Monthly taxes about 3KSo, gross expenses are at $41,064If I'm doing the calculations correctly, my net operating income is -$21,888 and cap rate is -3.4%.Obviously the current numbers look terrible for this investment, but I feel like the rent should be raised significantly based on comps (above 2K each unit). 

I can help you get in touch with the right people. 608-665-1541

Any "ward" in Houston should get some questions going, but majority of Houston based agents will push this ad nauseum especially the one's on here and have been the better part of the last 2 years. 3rd ward for MTRs, STRs, and travel nurses and 5th ward for fix & flips; but only an idiot would buy a 5th ward property without doing their diligence.

-Purchase price = 88,500-Amount currently owed = 70,340-ARV =$145,000 (NOTE - we have not gotten a formal appraisal, basing this off comps in the area)-Lease= Signed 12m lease at $1125-Current Monthly Mortgage = $617-Credit score = 792-City = Greer SC

I’m based outside Houston, I bring over 14 years of managerial experience in chemical manufacturing to the table.