I also have a commitment to purchase a home on the same street that is nicest on the street, maybe cosmetic updates, well maintained. 

I suggest either 1) a cosmetic rehab to bring all of the rooms up to meet this lux price, or drop the price to better match the home.Good luck!

Turned out to be a great property that just needed a cosmetic rehab!

Yes, I'm looking for cosmetic updates for each unit between 7K-13K, I do have a few zipcodes in Milwaukee, WI to search there- 53219, 53227, 53172, 53110,53204, 53214, 53226, 53213.The ROI that I expect is 10%-16%, I'm paying by cash.

Purchase price: $248,200 Cash invested: $115,000 Large 3 Family House.Purchased with conventional 25% down with tenant in one of the units.Made cosmetic upgrades to the 2nd unit, furnished it, and rented out by room to students.Converted the 3rd unit from a 1BR/1BA to a 3BR/1BA.

Purchase price: $248,200 Cash invested: $115,000 Large 3 Family House.Purchased with conventional 25% down with tenant in one of the units.Made cosmetic upgrades to the 2nd unit, furnished it, and rented out by room to students.Converted the 3rd unit from a 1BR/1BA to a 3BR/1BA.

Not sure how much you understand so this might be extra but you dont need to be a contractor however you DO need to understand a few basics of  physical property 101  helps  in knowing who to hire and also what to look for in terms of damage or issues-  a house can be divided in three parts... the bones/structure, the guts/mechanical (behind the wall stuff that you see during the "rough-in phase" of construction),and the face or skin/cosmetic aspects (stuff in front of the wall - cabinets, paint, light fixtures, faucet fixtures, flooring etc). 

My wife and I excel at cosmetically making homes more attractive inside and out.

Both sides required new windows and a (cosmetic) gut rehab; will be completely finished by EOY 2022.

- repairing rental or repairing primary to increase value- buy rental- buy bonds- join syndicationnot productive: buying car/RV/cosmetics lol