I've had several properties where I wanted to use wood floors, granite, other upgrades etc... but at the end of the day my realtor talks me out of it because I wont recover the rehab portion of the investment.

Typically, if the AC units are missing or broken, it is listed in the description.

If you want to learn more look up architect Oscar Newman, Jane Jacobs' book the death and life of great American cities, broken window theory, and CPTED (crime prevention through environmental design).

In those cases, you will never hear from the investor that the reason they didn't or have not been more aggressive with their opposition is that the ownership chain is broken or some other file defect.

I bought in Bixby and almost Broken Arrow.

IREM has cost survey books available for multi unit buildings broken down by size and area of the country.

Originally posted by Christian Austin:http://www.newenglandmoves.com/property/details/632614/MLS-71509355/43-Thurston-St-Somerville-Winter-Hill-MA-02145.aspxList: $599,000Sold: >$700,000Rent: $4,700/ month4700 * 12 = 56,400 assuming 50% rule you are looking at 28,200with 20% down you would be look at debt service of 2151/mo which if my calculator is not broken equates too: 25812, which is annual cash flow of 2388Not great but works.

But again you now have a 2nd decision maker to deal with on everything from expenses( do we upgrade the kitchen or not) to sale, if one is still interested in the cashflow and the other wants to sell and get a new asset you will need to come to an agreement before you can do anything.

Many of the most expensive things have already been taken care of, such as fire sprinkler system, A/C systems, new roof, upgraded electrical.

Another option for this is to have a full inspection by good home inspector -- the report he gives you will be broken down into the various components that you'll need to consider when doing your repairs.