It’s in pretty good shape at this point, rentable.I travel a lot for work, and a friend gave me the idea to do a short term rental as a one bedroom, locking all of my stuff in the other bedroom and office - I applied today and was denied because I don’t own both sides of my HPR, even though I have written permission from the owner of the other half….

Definitely no way to do a full gut rehab or close to that for $50k today.

PS  flying to DCA today LOL  looks like I will make it had to pull all my warm cloths out of my closet. 

You are attempting to create the Roman Empire here, something that lasts into perpetuity, when today you're lucky if you can create something that lasts 20 years. 2.

., asking questions, reading through the documents, etc.) and continue educating yourself via books and podcasts so that you can leverage that expertise to do your own deals in the future.

Today, @Noah Bacon published an interested article to the blog that got me thinking - large apartment buildings often offer concessions - like first month reduced rent, or sometimes even referral programs.

To get the answer, you have to learn how to analyze markets to find those micro-markets...like every other REI has done in the past, still does today, and will do in the future.

EDUCATE YOURSELF - yes, it will take time, but will lead to a selection that better meets your expectations & avoids potentially costly surprises!

As of today I own 13 doors; 3 of them UD student rentals and the rest in Wilmington.

Not a great rule for today’s market.