@Peter Halliday you're right. surrounding properties of similar size are ranging from $80-220k and of course differing on their interior build.

I just bought a 550+ unit deal and our upgrades are running $4500 a unit and focused primarily on interior upgrades.4- If renovation cost / cap-ex turns out to be higher for some unforeseen reason, can the GP require investors to kick in additional capital?

Talk about everything including landscaping, interior design, home improvements, carpentry, electrical work, and more."

I have a contractor I am working with I need to tighten up his bid a bit... we will be at about $70k for full baths and kitchen and flooring and paint interior exterior... new lighting, hardware.... and one structural change to un ink the living room....  

I was thinking more of updating. i.e. windows, flooring, roof if needed, hvac if needed, kitchen, bathrooms, interior/exterior paint, landscaping.But, I could only be imaging something could be as simple as that.I'm going to try and understand what you wrote:If I use my own cash to purchase the property, then do the Rehab and get one side of the duplex rented, which hopefully pays the mortgage, taxes, etc.. and I live in the other.

I have not personally been inside the property yet but my agent has walked it and has sent many photos of the interior and exterior.

Looking for handy man that can paint the interior and fix other details.

Marina Shimanski If you have air blowing out of the electrical outlets that are located on an interior wall of the unit it means one of two things. 1) There is a negative pressure in your unit that is drawing the air in.

If the squatter comes and goes you can change the locks and maybe add an inexpensive alarm or Arlo cameras to the property during rehab.How did the interior look?

For example, in one that I found, there are high ceilings, original wood floors, interior brick walls, and a wood ceiling.