Having a site and contacting several to bid on each of your line item tasks and comparing apples to apples bids is also a good way to locate a sub contractor or GC.

The more problems you solve the larger return you can expect in general, but as an investor who has does large renovations for the past 5 years, I am definitely shifting into more passive deals that may offer lower returns going forward, and I am okay with that at this point. 

I typically save the larger increases for turnover.

I don't believe they are as necessary for a small business as they would be for a larger operation.

But a few 4-plexes, or buy some larger multi-unit properties and you will retire and have many times more income, more appreciated property value and be rich.you can't do what is in the chart below with single-family homes with the exception of when you get super lucky and a property you purchase appreciates in value, but with multi-unit properties and especially when you purchase value-add properties you can plan, project very accurately and force profits 3 to 5 better than what is in the chart below.

This is a decent idea for those who have the resolve to actually accomplish the task, and not just completely forget about it.How did you find this deal and how did you negotiate it?

For a larger multifamily (100+ units), the work just begins once you close.Having good staff (manager, leasing and maintenance) is vital.

That usually equates to larger proceeds from the acquisition fee.

My recommendation (if possible) would be to purchase a larger building to house hack, with more doors (3 or 4) your chances of living for free or cash flowing while you live in larger buildings increases.

New Britain has lots more properties, is a larger city, super highway convenient, but with neighborhoods which are mixed between good and bad, and the lines are really hard to tell.