#5 You Don’t Need the Money for a WhileIt’s possible you’re in a season of life where your kids’ vehicle purchases or college decisions are either several years in front of or behind you, that you’re in a home that doesn’t need a massive kitchen renovation, or just that you have spent some time planning well, establishing savings accounts, and minding your expenses.

Purchase price: $100,000 Cash invested: $8,000 Sale price: $174,900 Single Family Home in Historic District 3br 1.5br Colonial 9ft ceilingsOriginal window and door trim2 story What made you interested in investing in this type of deal?

Details:Goal is to Owner Occupy Location: Type A *very close to great schools, downtown walkable locationHouse: 4 Plex 8 beds and 4 bathsSq Ft: 3,548Price: $425,000Mortgage: 20% down 30 year conventional Current Rents: 790, 985, 945, 910 per-month  *These seem low for this area and for the condition of the unitsOccupancy: 1 will be open for new owner to occupyInsurance: $180 per-monthProperty Tax: $415 per-monthAnnual Maintenance: $800Water, sewer, garbage, electric: all paid for by current tenants Cap Ex: $280 per-monthVacancy: $280 per-monthProperty Mgmt: $345 per-monthThe property has had many Cap X improvements over the past 6 years including, new roof, windows, refinished hard wood floors, paint, foundation work, plumbing, electric... 

In buying this home we hope to gain some knowledge of benchmarks like, how much exactly does it take to repair a bathroom, bedroom, kitchen, roof? 

After years of "I'd like to eventually do that" and window shopping YouTube videos of peoples success with REI I have reached a point where I think I'm ready.My wife and I have relocated out of state to Orlando for her job.

New paint, light fixures and kitchen countertops.

Not sure about your window issue. 

Wet sand the wood on the windows and repaint. 

and of course depends on the basement configuration  and if you need to add egress windows et.. but 50k should dial one of those in. 

With a split level home, which I know there are a lot of in MN, you can also easily convert two units by putting a kitchen in the basement.