Still working on this property.  

To illustrate:You inherit a property today that your relative/friend bought 10 years ago for 100k.

(going from 6.75 to 5.5-5.75) What I fear is that this forces me to stay in the property again for another 12 months.

They should keep detailed records, including photos of damaged property, repair estimates, and receipts for items like cars and appliances.

Now, as I exit this investment, I’m excited to revisit this journey with you 3 years and 8 months later.Acquisition:In December 2020, I closed on the 44-unit property for $1.725M.

There's also getting a job as a property manager.

He is Property Manager.

I am trying to see if I should just try to find a cash buyer who wants to hold the property and I could either finish the work as part of the deal or offer it at a reduced price for them to finish...my other option is to try to do a cash-out refinance since we have done a significant amount of work, can I still get a semi accurate appraisal without the entire work being complete.

I utilized a Fannie Mae 5% loan to purchase the property.

For those of you experienced in finding undervalued properties, what are the biggest risks and rewards you've encountered?