Also, be sure to go back and account for all improvements you made to the condo which will increase your cost basis. 

The houses needed ~$100,000 in improvements to bring the rents up.A local commercial bank was willing to lend 85% loan-to-cost (LTC) of the purchase and rehab which equated to $442,000 at 4.25% interest.

After a tax certificate sale in Alabama, the investor is entitled to possession and in some circumstances can make improvements to the property.

After a tax certificate sale in Alabama, the investor is entitled to possession and in some circumstances can make improvements to the property.

This would include architectural fees, new equipment, cost of protecting or defending your title to the property, or building improvements.

While already investing in real estate my goal here is to improve my processes, make more money and build wealth for my family.

As of today, total rented houses are 28 with around $19000 monthly rents.Park repo improved, and average time to rent a house now is 2-3 days.

My units are larger 3 and 4 bdrm townhomes, 1600-1800 sf each, intended to serve families.With a mid-range construction budget, what items are worth splurging on to get improved rents? 

Purchase price: $165,000 Cash invested: $165,000 Bought cash and doing improvements, hope to refinance and pull off a BRRRR on this one soon.

Or to truly get some expertise behind you for credibility and build a brand, work with an attorney and draft up both the promissory note and a joint venture for good measure.