Add estimated costs of new flooring, paint, drywall repair, and countertops using the quality of products expected in that neighborhood and double that estimate.  

People buy homes in residential areas, not business districts, so when someone starts running a business in a residential area, the externalities are beyond what people can be expected to put up with, and the government can regulate. case in point - parking.

Futures are pointing to 3-4 Fed rate cuts as the likely scenario this year (down from up to 6-9 at the beginning of the year), which just so happens to be right at the target we predicted at the time. 😁 And I’m holding firm.

Be sure to provide them with your expectations from the jump.If you work for an investor/asset manager: transparency is KEY, and knowing the market.

I'm interested in moving up to multi-family in the near(ish) future, but I'm thinking it might be difficult to find 20% to put down on a significant purchase.

We have a glorified house hack scenario in Portland where we rent about half of the property out as a mid term and while our travel nurse is working we are improving the second half of the property for a future permitted attached ADU. 

Is your general expectation in this case, that all the older buildings will eventually be demolished?

Hey mate,Keep costs at a minimum.If the carpet is good/new.Leave it for now IMO and deal with it at a later date.And can always not accept pet's as per your lease or if you do, charge a pet deposit and monthly pet fee that will assist with any future repair needed caused by pet damage.We own a PM company and do the same.Thanks 

Let's keep rocking it out there, inviting opportunities, and building our futures together.Thank you all in advance for your support and looking forward to connecting with many of you!

This is likely the environment that we will remain in for the foreseeable future.