Recently upgraded to a 2009 Prius so that we could keep up with the Jones ;)

The building looks to be in good shape and up to date with each unit at 1,600 sq ft, 2 car garage, newly upgraded electric, 06 roof and 10 yr. heaters (assuming this information is true).

Super cheap to replace, but upgrades it from elementary school class room to "home".)

I plan to do this until I have enough capital to "upgrade" to bigger buildings (4-8 units) and keep the total number of buildings to manage under 10 at any given point. 

Thanks for upgrading a CDA home!

For those who are interested in up-grading their asset, the prices you can garner in this market are exceptional despite deferred maintenance.

Yes the wiring is prob 60 years old, yes it could be upgraded, yes it prob won't pass current code, but then again that could be said for 90% of the houses in the area.Drain lines you'd have to pull a hydrostatic test to tell you much..THERE IS NO CARPET in this house, no tack strips, and the hardwoods are terrible 

Tenants are fine.If you're looking for the name of a lender you'll need to upgrade to a paid account and post in the Marketplace. 

If you have one SFH worth 500k and it becomes vacant for 2 months, obviously you will feel it more than if you had 5 100k SFH's and 1 of the 5 became vacant for two months... something to consider since you seem risk-conscious.

Do the upgrades and purchase the property for $264000 at the end of the 3 year period when I can get it appraised with the improvements.Please give feedback.