Bathroom vanity (3) need to be replaced.

Restuccoed the house, replaced castiron with pvc, upgraded bathrooms.

Problem is I may (not) have done some work on the building and have two bathrooms opened up to the studs and sub floor.

This is a pier and beam house that's going to need leveling, drywall work and the bathroom needs some help too.

Historically used homes have always been sold at a 20% - 30% discount vs new construction, so I believe as the market is balancing out of the next decade it will restablish this ratio, which means existing homes will increase substanicially in price.At that point prices should level off and stop increasing faster than inflation.

Tenants are currently paying $500 (he's been there 20 years and takes care of all the landscaping for discounted rent), $650, $750, and $750 = $2650Seller isn't too motivated unfortunately.

Purchase price: $540,000 Cash invested: $10,000 Five-plex with 1 bed/1 bathroom apartments!

Even with just a dozen properties the “no claims discount” more than makes up for any “small losses”.

They are great ppl and do a discounted, de-scoped inspection for investors.

We did partial remodel to the upstair bathrooms with professional help, my husband and I touch-up paint all the walls and it was deep-cleaned before showing, even my garage was shopvac-ed.