Comps in the area are tough because this is a single family turned duplex, but I believe similar style and square footage houses are around $175k.I personally don't have the time to do a whole renovation, I was more hoping to have the GC get the apartment renovated right away and go from there.

For me, at least for now, wholesaling would really be my only option, making saying that a bit tough.

You can RSVP here (an account is required) or simply show up - but registering would be helpful so we can plan accordingly with printed materials: http://www.meetup.com/Networth-Investors/events/22...Light refreshments will be served - please note that Somerville is mostly resident parking, so be sure to give yourself some extra time if you're driving in, try to carpool, or take the T.  

When doing my own home, I went to several "design centers" and various material stores to try to find help but no dice.  

If that's the case a good contractor can replace moldy materials, treat the rest, and apply mold preventative coverings/sealants to the treated area.  

We have done the basics: trusted lawyer, interviewed contractors, estimated materials and started looking for the "one", reviewed comps and areas close for us to manage.  

(tools knowledge of outlets/discount materials & sweat equity)WHAT DO YOU RECOMMEND WE DO FOR OUR FIRST DEAL??

They have done all due diligence and I have their materials- thus shortening the research time.

I've found this site to be quite valuable, especially due to the free educational materials located under the "Learn" tab at the top of the page.  

I have come up with some estimated numbers that look like this, after it is renovated:$700 mo X 8 units X 12 months =       $5600 mo/$67,200 gross projected income$67,200.00 - the operational expenses of 35%   = $43,680 NOINOI/10.5% CAP = $416,000.00 $416,000 - $180,000 rehab *(being conservative and assuming all work so far, aside from new material not yet installed, is a loss due to unlicensed work). = $226,000.00 asking priceDoes that seem right?