If you want to do this properly, and a licensed electrical contractor will no doubt expect this to be done to code and permitted, you're looking at a minimum of having to do the following work:- Split the common area electrical and first floor unit electrical.

Not saying this is a great idea but just trying to give an example of creative options.

This is a great idea!

While a cap rate will give you a general idea of what the market is willing to pay, that a) doesn't make it necessarily worth that to you and b) doesn't mean the seller will accept that price.But the bigger piece is knowing what your return threshold is.  

Myself and my team work with tons of investors and first time buyer/hackers to get them on the right path and ensure you're properly educated on all the FACTS to make certain you will be a successful homeowner!

Find out if they are properly licensed and insured. 

Hi Hai,It would be a good idea to start on the rehab earlier and to also consider a way to get the tenants out earlier.

She does not have money for her expenses and is borrowing at a high rate of interest which is becoming impossible the idea is to sell my cousins rental property take a boot to cover her expenses and the rest ($750,000) do a 1031x.  

I ended up encouraging this banner idea to him and he agreed. 

@Costin I.It was an idea posted by some investor who is not a tax pro, and an idea that does not work.