This morning, as I walked out of the door on the way to my 9-5, the feeling in my gut that I felt as I walked away from my adorable little girl and beautiful wife who are my world, not to mention our loyal and loving canine children, who were all looking at me with their sweet eyes as if to say, "Call in today, Dad, stay home with us", I was reminded why I am doing this whole real-estate investing thing.

Like you, we have some beautiful and very ornate buildings that have gone into disrepair.  

We do not get much cashflow ($400/mo before repairs, $200 after repairs in our model) but we do not have much money on and we have a beautiful asset.Duplex bought at 195k.

That's the beauty of investing in expensive and high growth markets like ours.

. $1000 for each new bedroom, and $3000 for installing carpet of the extremely beautiful Birdseye maple flooring.

I create beautiful move-in ready homes out of garbage, that's why.  

A good choice for a couch may be something stain resistant or with a washable slipcover. end tables, lamps, and accessories you can pick up easily at consignment shops.  

Please help me analyze this deal thanks.Listing link: http://www.realtor.com/realestateandhomes-detail/1...Asking price: 299,999 Down payment: 3.5% Taxes: 4,600$Rents: 1st floor (3 bedroom 1400 sq ft)- 1250$,  2nd floor (3 bedroom 1400 sq ft)- 1150$ , 3rd floor (2 bedroom 1000 sq  ft)- 850$Utilities: tenants pay for water, heat, and electric (separate meters) Beautifully restored huge 3 family home located in desirable federal Hill section of Bristol, close to ESPN and hospital.

Now if the BP community thinks this might be edging it a bit but mostly OK then Clark is the newest entrepreneur in BuenaVista..... what a beautiful town.  

In DC you can add accessory dwellings in the basement like @Russell Brazil said but there are requirements.