One of the floors almost collapsed in a bathroom and faulty piping caused property damage for another tenant.Don't know how inspector missed it.

I knew it was gonna take some work, but it got real pretty quick.The kitchen floor had stick tiles, then 1/4" lauan, then 3/4" original hardwood, then a 3/4" plank subfloor.

Simply use your template, draw a circle or square around the original hole, then use the same template on your drywall (if you want 1" difference go ahead and draw that out from the original markings) then tape, mud and finish.Note: the same technique can be used for vinyl on floors, carpet, etc.

When tenants move out, things will be broken, flooring will have to be replaced, walls will have to be painted.

Since your floor limit for asset value is higher than the limit imposed by law you are in a different place than an issuer trying to certify an investor at the margins of the requirements. 2) Not all CPAs are qualified to issue a letter acceptable to the SEC and providing the protections of accredited investor status.

Concrete block on a slab with terrazzo floors; each unit needs a kitchen, bath, and half bath; copper pipes in the slab; no central air in Sarasota, Florida; newer exterior electrical panels in rough shape; the roof looks newer and isn't apparently leaking.

This particular property has potential mold in the basement on the floor joists

Management: 2,800 (will likely use because cashflow allows me to)Annual debt service: 3,156.48NOI: 8448.00Cash flow before taxes: 5291.52Cashflow: 440.96Cap rate: 17%COC ROI: 24% (12,250 down payment; 4,000 in closing, 5,000 in initial repairs)RE ROI: 23%Things of note: There are only 2 furnaces, third unit uses electric heating floor heating.

The above Rehab numbers included updating this place to be pretty darn nice (new interior doors door handles, floors in the whole house, remodel to the kitchet, etc) and wondering if I should just keep it more basic to get it rented and fix things more over time as I want?

We have an older oil boiler and switched to electric tankless for the hot water.I really like it as the oil on demand heater did not get water to the second floor tub effectively.