I love your positive attitude and energy!

It really didn't get ugly, but it would have served us all well to talk about our goals before spending so much energy building a partnership that didn't work out.

I am concerned that prospective occupants of efficiency and 1br apt might be less stable (read more inclined to "migrate") than occupants of 2br apt (small family, etc).

The second floor uses a boiler and it stated on the bill it is 76% efficient, and will need to be replaced soon. the chamber is collapsing and is in poor condition.

I thought the former was more efficient. 20% was my original COCR number but I wanted to make sure I wasn't overshooting it as I haven't worked with Multi familys before.Thanks guys!

If you do and want to swap the unit out it will probably be in the 2k-5k range depending on the size and efficiency of the unit and what type of gas pipe you run.

I will be interested in 2 bedrooms and up.Purchase Price: $520,000 using the high valueDown payment: $ 104,000 -------20% down from an investorImprovements: $50,000 represents 10% of purchase price -------- Improvements technological amenities- energy efficient appliances- some remodeling.Closing: 570,000 x 2% = 11,400Total: 581,400 ARV --------- Represent 72% of current market value.Finance Amount: 581,400-104,000 = 477,400Interest Rate @ 8%Mortgage years: 360 monthsMortgage Payment: $3503Revenues:Let’s assuming each unit rent for the minimum rent in the area.

they are supposed to be much more efficient, taking some of their heating abilit from the surrounding air.

I can just walk away but that would be a waste for the time and energy I spent.

One option that I didn't hear mentioned is for folks with 11 employees or more & paying more than $100K in corporate or personal income taxes by utilizing a TES (Tax Efficiency Strategy- Employer Benefit Plan) This is a financial structure that allows your business to operate on a pre-tax basis while creating a tax-free retirement plan.