I have run it through the calculator a few times but im still not certain. heres the infoSmall 570sq ft single family home 2 bedrooms 1 full bathroom recently renovated new kitchen cupboards, flooring appliances, fresh paint, upgraded windows and siding, new shingles on the roof. it also has a completely fresh slate in the basement ready for any reno i want. single detached garage nice yard and close to town walking distance to everything.

I believe if this vacant building is like most your estimate of rehab is way understated.It's not just the interior of the property but all the exterior components and additional interior upgrades the county or city might require for code compliance.If landlord pays water or other utility with current setup design then go 60% costs annually instead of 50%.

@Lamonte Evans If you can swing it, I'd upgrade to a Pro account so that you can start networking with turnkey providers in the BP Marketplace.

Thanks Christopher, for prompt response.upg means upgrade.

Hasn't broken ground yet but will definitely have an impact.

So this post is not for those who oppose this method.My question is when I have an item that is not fully depreciated but becomes obsolete (broken microwave) I have done a journal entry to move the remaining depreciation of the item into a repairs expense account.Do you feel that is the correct procedure?

I, personally, favor Equity's model, although full disclosure: I am biased because my company does a good amount of business with their Seattle portfolio.What they are doing currently, is shedding their outlying, sub-urban properties and concentrating on maintaining/upgrading their high-rise, urban core buildings.

If so, have him email me so I have his email address or if he'd rather I send the application to the house.I am very sorry that your family has broken up this way but there is nothing I can do as long as the lease in place and the rules therein haven't been broken.

Some cities requre apartment buildings to be upgraded to meet current health and safety codes.  

You never know if used Windows have seals broken.