Financial Data – I have created more detailed spreadsheets to model this out but here is a quick overview.Price: $150,000 (thats what I would probably offer the owner)Renovation: $525,000 (units) + $75,000 (miscellaneous items)Total Cost: $750,000Pro Forma Rent: $277,200Expenses: $138,600 (estimating 50%)Net: $138,600Cap: 18.48%Obviously the above numbers would be excellent.

Model your future presentations after the exceptional ones.

Held og lykke i Aalborg.Jeg har selv lavet samme model i København, hvor jeg bor i et større hus med udlejning af værelser.

From my personal experience I started learning about the RAL model approx 2.5 years ago and I completed Gene's online course only. 

Using the concept of multi family and apartment complexes model, I am able to turn 2 doors into 7 doors and increase my rent and still give the tenants ease of mind as they would only have their own personal room to care for while still respecting the rules of the common shared area.    

(Shameless plug - we, Dropmodel, have a BRRR financial model coming out in a few days.) .

I have a tenant who is a guard at a local casino, always wanting to pay in cash, it took some training-he is a model tenant; but cash is too risky.

As an aspiring investor, it’s so cool (for me at least) to see & hear of these stores

If they have been good otherwise, use my model.  ;-)

We modeled a 7.5% vacancy rate and a 10% maintenance fee (both off gross rents) but our economic occupancy has been much worse and it's closer to 15% vacancy expense and 15% maintenance fee.