Matthew,Based on recent investor track records I would say choose Ohio over NY or NJ for a 2-4 unit. 

If I factor in additional $5,000 in upgrades it still hits a 30%+ CoC return....It certainly is not a grand slam, but for the extremely low barrier of entry, it seems like a solid base hit. 

Hi @Andrew Rellinger,Based on the information you provided, the "make or break" for this rental is not going to be where or not you change out the carpet.

AIRDNA: As is (1bed/1 bath): Projected Revenue $50k/year, Net Operating Income $24k/yearPost rehab/rebuild (3 bed/2 bath): Projected Revenue $120k/year, Net Operating Income $76k/yearZillow Rent Estimate:As is (1 bed/1 bath): $2,900/monthProjected rent based on comps in area: $6,500/month We would also more than likely include an ADU in the new build.

You can "split" the properties and determine the value based on a formula of your choosing.

Property tax is a very local issue, and the details of particular problems can vary widely based on the statutes in that state.I'm mostly wondering what issues people have run into , and if they've hired outside help to deal with those issues.

I wouldn't necessarily be uncomfortable with that (I would actually be so proud haha) since coops are community-based complexes so their primarily reason for checking the background and financials is to make sure all their neighbors are in a good standing. 

My primary goal is to find a legal partner who is responsive, reliable, and thorough, ensuring that all parties are kept in the loop and that closing can proceed smoothly without last-minute surprises or delays.I'm reaching out to this knowledgeable community for advice:Have you worked with law firms not based in the state where you were purchasing property, and if so, how was your experience?

-You can use the internet yourself for cameras, lights and anything else on Wifi.CONS-If it goes out it is your responsibility and people get crazy when they can't play xbox-In some cases, it costs a lot to get set up since you are covering a large area.

I am based out of Phoenix and plan to work here.