We bought a 2-family in Bayonne last year (check out my blog post on house-hacking) and found great tenants within a week of me listing the rental unit (after we finished renovations). 

Just recently finished residency and am now a practicing physician. 

Like extra bathrooms or location or finish. 

It's highly unlikely that we can finish all of their demands in the 60 days and 14 days deadlines they provided on the house.

It's highly unlikely that we can finish all of their demands in the 60 days and 14 days deadlines they provided on the house.

Ask the standard questions: age of the home, size of the home and lot, number of beds, baths, is there a garage (attached or detached), any recent renos (were they inspected or permitted), how much of the space is finished, etc.

Added wainscoting in the guest bath, and partially finished the garage, with custom built shelves.

We’re closing on our second deal in Alexandria, VA in February, and want to add a full bathroom and kitchenette to an otherwise finished basement.

Then when the construction is close to finished you complete the sale of your old property and use the proceeds to purchase the complete house within normal 1031 timelines.Or1.

Some of the differences with SFR that make them less valuable than otherwise similar comps are location on a busy street, smaller lot, bad condition, structural defects, higher tax area, different school zones, different deed restrictions, access to main roads, rush hour traffic, obsolete or unpopular architectural style, inferior finishes, time since remodeling, age of roof, flooring, and others too numerous to mention.To get the discount to fit your formula, you’d probably need to find a house needing significantly more than $15k of work.