We just finished up 2 rehabs in Mesa. love the East Valley. drink up BP like water from a fire hose :-)

I'd like to pop the top and expand the footprint of the studio and possibly add a 2nd bathroom in order to convert it into a 2bed/2bath with long term goal of selling it as a townhouse (all 3 units are already individually deeded, individually metered with gas and electric, have their own furnaces and water heaters, etc.).

Those aren't a terrible way to go if you have an easy search system.

(e.g. new mechanical systems, HVAC, hot water tank, flooring, paint etc) But NOT thoroughly rehabbing it (e.g. new kitchen w/ granite, new bathrooms, new plumbing, electrical, windows etc)Personally, I have always rehabbed my rentals nicely, and asked for higher market rents.

The two main things that blew our budget out of the water was the AC unit and the fence.

I said you move to Charleston and I will put you into business.So I had my GC who I can trust 1000% and 30 some new builds later and still ascending here we are.and now he has 7 of his own houses going.. so not only has he done great for me he has established himself as a local premier builder in the area.. but again we are just small potato's in that market there are plenty of really big players there.. we are just doing these little infills.. so as it relates to private equity and building its pretty cool.Someone from out of Area who does not have a Troy like I do could easily end up like Nick the first guy I funded there lose money hand over fist.. but again Nick is rich water off a ducks back for him.. but it got me the beach head.

I have 36 units, that’s great, I have a system that works for me, etc.

Shut the water off where it enters the house. 

I've seen it done well where landlords making money even with HOA fees in the mix.HOA does take care of the water bill majority of the time.

Recently I have been looking into Real Estate software systems.