This one will be a buy and hold in Memphis, TN.Numbers look like this:Purchase price $122kConventional 20% down and financing 80%MAIN HOME: 4 Bedrooms, 3 Full Baths, Living Rm, Dining Rm, Hardwood Floors (Currently rented for $ 1,300 per month - Current tenant for nearly 2 years)Updated Electrical WiringNew Heat and Air ConditioningNew Exterior Paint New Interior Paint Refinished Hardwood Floors Remodeled Master Bathroom (12" Tile)New flooring in kitchen and diningNew Light Fixtures throughoutNew Doorknobs throughoutNew Blinds throughout Large Updated KitchenAPARTMENT 1: 2 Bedrooms, 1 Bath, Full Eat-in Kitchen, Large Living Room (Currently Rented at discount for $ 725 per month to same tenant in 1 Bed Apt (Typically rents $ 785/ mo).

The local gas utility should be able to identify how close the nearest gas line is, and how much it would cost to connect to it.How expensive it will be to run ductwork depends on the number of stories/floors/levels in the house, and how easy it would be to get the ductwork into place.

. - Lots of black space out there for me in the REI world.

Hi Brian,Not an appraiser but generally they are looking at heated and cooled livable space.

Some other items, like roof, flooring and appliances are also "capital".

Hi All, My first post and a newbie but here goes.Quick summary of home: Bay Area home 3bd/2bth Eikler style home with radiant floor heat built in 1955.

When we looked in, the floor was gone ... you could see the ground below.

I guess I just felt like water in an old basement when it rains heavily obviously doesn't negatively effect the structure of the home since it has likely been wet since 1938 ...and if it is not a living space, why does it matter to a renter?

Bought vacant commercial retail shop space.

You are talking about new roof, new floors and re do new baths , new flooring.