Empty units simply give me the opportunity to renovate and raise rents. 3) Appreciation always follows NOI, so if you can establish a solid record of $8,000/month NOI that translates into a stabilized value of $1,200,00 at an 8 Cap, which is going rate for stabilized class C properties.

I would hope to hear from the ones that are interested in growing our business together.Again, any and all feedback is very much appreciated and I look forward to forging solid business partnerships.Best regards,Eric

It depends on the tank size , Also some guys suck and run leaving lots of solids in the tank .

I am considering moving to a smaller house nowsomewhere in the triangle area (my house is too big, and may be hindering my real estate investment flexibility).Amberly is a solid community, and everybody seems to want to live there.

Also, you need to get a solid repair estimate as well.

Banks love to finance stabilized properties if the numbers are solid.  

I wouldn't suggest anyone follow his lead without a solid and trustworthy team in Detroit.My understanding is that holding costs are also incredibly high.

Based on the info provided, does it seem to be solid advice to replace the entire unit?

Additionally, the credit check they run is a "soft" check, which doesn't impact your score.Given the lack of understanding of the business evident in your post, I can only assume the property manager you spoke with wants you to take your business elsewhere.

I was interested but was waiting for them to drop the price as it was full on retail and needs a solid 8k in renovations...