Hi Apurva,53 units -- It would be smart to talk to an Architect who does multi-family (In your general area) about the cost of doing a restyle as well as colors.Especially if you choose a Hardie (Fiber Cement type) product.With Hardie (Type) products, read the upkeep instructions, some require re-applying the joint sealers (factor that into your maintenance budget).Also with Hardie (Type) products there is a service life to the color...some come pre-colored, some your contractors must paint on site, (some require priming of cuts when installed)---talk to the Architect about the maintenance schedule and the CAPEX for this.Hardie makes big sheets of this for multi-family that Architects can use for visual effect and ease of installation.With 53 units--springing for an Architect to help with this would be intelligent.Good Luck!

If they do a good job after 3-6 months, then buy another and wait.Just remember, good companies become bad companies when they don't know how to scale effectively.   

That should eliminate those renters.

One benefit to you doing so is (aside from keeping more money and likely managing more effectively) is you'll learn much more about real estate, dealing with tenants and working with tradesmen) than if you simply hand the property off to a property manager. 

I'm looking for a tool tool that can quickly take all factors into account such as mortgage interest and depreciation allowances to work out the true effect of our returns.I know it's impossible to expect any piece of software to give me a green or red light with regard to property acquisition.And realize a deal is good depending largely on the circumstances of the investor.

The huge demand for medical laboratory commercial space in the Greater Boston region is astounding.I'm looking for fellow commercial professionals who have utilized any specific calculators/software to analyze commercial deals.I'm not simply looking at a snapshot of the present rent and dividing it by the purchase price although this is better than nothing, It is not sufficiently sophisticated for me to make smart decisions as to which properties to purchase.I'm looking for a tool tool that can quickly take all factors into account such as mortgage interest and depreciation allowances to work out the true effect of our returns.I know it's impossible to expect any piece of software to give me a green or red light with regard to property acquisition.And realize a deal is good depending largely on the circumstances of the investor.

My guess is that because I did a double finance and didn't set it up with a lower purchase price this effected my results. all thoughts are welcome for growth of knowledge.

I have found a way to build a series of doc in a box standalone commercial buildings in a cost effective and scalable way.

I am trying to get an idea of what it generally costs for labor to redo the bathrooms as i am trying to get it done as cost effective as possible?

As soon as you do that, you might as well hang it up as an effective landlord.