Purchase price: $438,000 Cash invested: $72,500 Sale price: $655,500 Single family home rehab and resale.

This was a project that I needed to get done quickly rather than get it done cost efficiently.

Rehab bathrooms, floor, paint, kitchen, new appliances, split the property.

Good Afternoon, Wondering if anyone could speak to maintenance costs on multi family properties in the great Portland market. 

My vision was this summer to rehab the home as a primary residence but now needing some creative ideas of what to do once we do a tear down.

They will look bad and it will likely cost them customers.  

I have hate for no one.This is simply an observation or something that is important to understand when you are in this business- because when you go to turn certain units you may run into this big extra cost.

Can try to reposition to Class B, but neighborhood may impede these efforts.Vacancy Est: Historically 10%, but 15-20% should be used to also cover tenant nonpayment, eviction costs & damages.Tenant Pool: majority will have FICO scores of 560-620, many blemishes, but should have no evictions in last 2 years.

On top of that, the profits seem to be higher due to less costs.

legally, as a cost basis of the house, it should have been included in the closing documents because it impacts things like taxes collected by the state, etc.