., less down), you will take a hit in some other way.Be careful not to accept what seems like a big improvement but leaves you holding the bag in some other way.

Overall, I am leaning toward just adding a door, combine the electric, and leaving the kitchen.

These kinds of price hits use to shock me, but I’ve gotten used to it.

I am not being harsh just giving you the reality.SOMETIMES if you get an asset manager at the right time and hit it off they will be in a giving mood and share inside information into how that bank thinks and works.

Example replace a few circuit breakers,electrical outlets,switches and electrician costs hundreds and hundreds or more to do the work.You can do it for 40 dollars in parts if you know what you are doing.A plumber soldering pipes in the wall and changing a main line instead of saving 75 in labor I will just let them do it.It's all relative.

With a next egg of 350K+ - 400K, you should be able to easily hit 20-25% (maybe more) ROI (with leverage).One more note, if re-invest the capital with leverage, you should be able to shelter most of your "passive income" via depreciation.

When we inspect the property, we can do most ourselves, but what about the electrical and plumbing.

Then we hit some non RE related financial speed bumps and had to slow down a bit.

Until then i will put it here where all can see, but please don't every novice hit me up on this ok.

Garrison hit on it that the best solutions come from varying sources combined.Phew!