THE HOUSE2-bed 2-bath 1157 sq ft. townhouse in Memphis, TNRehab needs:  dated interior, old roof, stairs to attic need to be replaced, shabby landscape, weathered siding, about 2 years left on HVACTenant:  on a 2-yr lease, ledger showed they had paid on-time every time for a little over a year.This is my 3rd investment property (my 2nd LTR along with 1 STR), and my first out-of-state.THE NUMBERSAsking Price:  85,000Sale Price:  83,800Rent:  $850PM:  8%Conventional financing 25% down @ 4.75%After I ran my numbers, I don't know if I considered this a really good deal, or a really good deal...for Roofstock.

One of the issues I have with the area is the topography and landscape.

Hi All,  My question is in regards to operating costs (heat, snow removal, and landscaping) for multi-family buildings in New England, and if/how owners are passing these costs off to tenants.  

Be sure you've done your market research on the population, economy and demographics before moving forward with the deal.

Landscaping and patio work, updated interior walls and redid Dining room ceiling.

Also, in this case, it may be helpful to do research on the demographic in your city and county.

Another thing,  from the demographic statistics, it seems that there is a higher percentage of people that prefer to rent than usual. 

Purchase price: $195,000 Cash invested: $40,000 Sale price: $308,000 Installed new half bath, renovated kitchen and expanded into prior dining, added HVAC, refinished hardwoods, created positive drainage in the backyard, and improved landscaping in front and backyards.

Those are typically site specific, e.g. you'd contact Bob Copper if you wanted a Self Storage Feasibility Study.So yes, you may want to follow the advice of Account Closed gave which is a Reverse Feasibility Study which given the demographics, property details, market trends, etc. they can advise on what the highest & best use of the property would be.  

Added $50,000 to rehab the property included exterior & interior paint, landscaping, all new appliances, new AC System, Tile, Kitchen and Bath remodels.