New shingles, several windows, re-level two second story apartments, new exterior entrances, three kitchens, three washrooms, flooring, drywall and paint, etc.We would consider two of the units habitable at the moment (even though three units are occupied), one is barely habitable, one apartment had a fire and requires refinishing and the commercial space is vacant and dated.Our goal would be to rehab the unit that was damaged by fire, then renovate one of the units currently tenanted and finally gut and divide the commercial space into two one bedroom units giving us a very nice six plex when completed.After plugging in income/ expenses and adding 8% for each vacancy, management and maintenance we end up with $100 cash flow as is and conservatively calculated $1600+ net cash flow once renos are completed if we do not refinance.At a 15% cap rate Value would be in the $135,000 to $150,000 value range.The  second property is actually kittycorner to this property via a back lane and is a completely finished fully rented fiveplex.  

My friend Mike has 50+ F+C houses, including two designated as "sushi houses" (I share that same expensive habit). 

There are some cool things you can do with an FHA 203k, like bundle the renovation costs of a property into the mortgage, include mortgage payments into the loan if the property in not habitable during construction.

Not only a personal, real-life mentor, but also the great authors of such books as 7 Habits of Highly Effective People, Think & Grow Rich, and How to Win Friends & Influence People (to name a few). 

C.undefinedInvesting in Realestate it is vital that you understand the numbers.

They missed the deal and a prospecting source I made a habit found me the deal.

We also have relationships with a number of mortgage brokers, and they are very helpful in leveraging their relationships with banks on our behalf.Don't overlook the brokers, as they are vital to your success.  

The house is listed as my personal residence, but because it's under construction it is not habitable right now.

@Tammy Vitale thanks for the comment, you said you were always a investor.

In Boston you would at least double that price and rents to find a place that was fit for human habitation, and that would be a deal.Since you mentioned guys moving operations to CT I will assume you are closer to Springfield?