And if it's a flip, and it's in bad shape, that's perfect because you can use that as a point to negotiate on.

Better to keep the place vacant and in good shape then to have a non-paying tenant who is destroying the place nightly.If you put an ad in the paper advertising the place at $1.00 a month you would have a line.

So based on this data looking to get even 5% year over year is pushing it with the current market trends.

we are learning as much as we can at this point and working hard to keep our current units in good shape, rented, and cash flowing.

In my case with the brothers and coworker, I get $600/m for a 3 bedroom upper that isn't in fantastic shape but for those guys living there they each pay $200/m so they have a hard time complaining with that price.

on the bottom of the picture, if you move that doorway to the other side of the room, then you can do an L shaped kitchen using the left side(as current) plus the left 30% or 40% of the bottom of the picture.

The borrow believes that the trend will continue and this property will appreciate nicely in 3-5 years.

can be issue for foundation and plumbing as well which i consider bigger.on inspectors and structural issues, they generally will say "i feel there may be issues here but i recommend you have an expert look at it" so basically no answer in my book.roofing - you are looking at around $175 (really cheap ) to $280 per sq around okc (a square is 100 sq ft of roofing) this is assuming decking is in ok shape. plenty of roofers looking for work so you might be able to get them down some.on drywall yes you can do that. you will want to check it out though and see if it could progress further.  

The problem is that from my research over the past two months I have not been able to find properties in good shape that are under 150k in downtown Ithaca.

Although I am seeing that trend change in the last 24 months..