Comments are welcome:Purchase Price: $325,000Units: 29Mix: all one bed/bath (one efficiency)Structure: 2 two-story buildingsCurrent rent: $500Vacancy: 45% (16 vacant units)GOI: $95kNOI: $37k (seller's info)My estimated repairs:Interior (vacant units): $80,000 - mostly cosmetic with new appliances and window A/C units.Exterior: TBD (new balcony railing $8000 + updated electrical (units have gas stove hookups currently), siding repair, and paint, possible dry wood termite treatment)Potential 1 year outlook:Vacancy: 11% (conservative)Rent: $550 ($450 for efficiency)NOI: $169kGOI: $59.7kThe only two pending snags for me on this deal are: cost for termite treatment and cost for electrical upgrading.

Comments from a salty old landlord:1) Your cash flow / ROI is a problem for me, since it doesn't include maintenance, reserves for replacements and upgrades required (if you want to keep it being an "executive" house, or any rentable house at all), allowance for management and vacancy, etc.

As for those who rent, if and when they are ready to buy, they will look to get out of that neighborhood and upgrade.

This may seperating utilities, adding fire rated doors, providing more means of emergencey egress and eletrical load upgrades.

While living there I decide to perform numerous upgrades and increase the value of the property.

DocuSign is the only one I have found that stays free and does not bug you to upgrade.

Gregory - Welcome to the site and thanks for upgrading!

Easy curb appeal with basic exterior upgrades (deck, fencing, etc.)

Upgraded my own homes essentially through several live-in-and-flips.

I've posted about this property in the past so I'm sorry about the repeat but after talking to the city/county subdividing is out due to expense of an upgraded road but access to build a new house is still an issue.