A 2400 square foot duplex (1200 square feet per unit) at roughly $150 per sq ft to build = $360K  So, roughly $790K all in.We estimate we can rent these brand new units for about $2500/month, grossing $5000/month.We're not sure what the property will appraise for when done, but if we refi once it's done (BRRR) and pull $700K out, it looks like the mortgage payment + taxes & insurance would be about $4000/mo.  

https://www.biggerpockets.com/forums/51/topics/354...94 year old sold an estimated $20M of senior living complexes. 

Phase1 could be critical, if there is a chance that there has been environmental contamination.

Hi All, here's a potential deal I would love some opinions on considering a fundamental decision must be made for it to be viable.Triplex currently listed at $127kDown Payment: $31,750Gross Monthly Rent: $1,500 (500 each)Estimated Expenses:Mortgage: $500Property Tax: $80Property Management: (10%) $150Water + Trash: $150Repairs (5%) $75Capital Expense (10%) $150Vacancy (5%) $75Total: $1,180 MonthlyCash on Cash return: $3,840 (About 12% return on investment)Property was built in the 1930's and states "could be rented for higher with work/repairs" Average comp rents seem to be around $600-700If I could rent each unit for $600, updated ROI could be up to around 20%... 

@Dominic Battezzato  Chances are if its a rental property you may have to amortize the loan over 20 years especially if you buy it in an entity.

If it isn’t a “hard no” then there’s still a strong chance you get some pretty onerous terms on that 2nd lien.

There's a .01% chance they come knocking on your door to check if you live there, so take that as you may.As far as the property management goes, make sure your numbers still work with the prop management fee (typically 5% - 10% of gross income, call around and see what companies will charge).Good luck!

The rule is basically that you can estimate NOI is 50% of the total potential rent at the property.

They have a doctors statement and you have a mold report - not sure who wins but I wouldn't chance it.I would let them out of the lease and not hold them liable for rent.

As of Feb 2018, which sites do you use for rental property rent estimates?