Unfortunately, it sounds like you would be throwing good money at bad if you try to do any improvements.

I don't mean this to sound that I'm down on appreciation - I love appreciation.

And I recently heard a BP podcast about “leveraged price per square foot”, don’t know much about it but it sounded intriguing!

It sounds like you are on your way to a bright future in real estate!

Hey @Jared Baker I think it all depends on what you're trying to do... from the sounds of it it seems like you're looking to build a portfolio of rentals.

It sounds like your attorney and the sheriff are on the same page and I believe they are correct.

Leave the foundation as it is if it is otherwise structurally sound especially if it is an older building.

I would double check with your accountant on that though as you don't want a nasty surprise down the road (and you know what they say about assumptions).As far as Providence & the East Side, I attended a neighborhood meeting a few weeks ago with some people from the neighborhood and some folks from the Providence Building Department.It does sound like they are leaning in favor of some additional regulations for AirBnBs in Providence, which may involve needing to get a special permit.

70-80->115 in a year sure sounds sweet :)i can understand what you are saying, long term hold without a loan, but why not try to find a deal where you can profit from both a rise in the house price and the rent?

@William Joseph That expeditated process actually sounds incredibly helpful.