The value in this property would be as part of a larger assemblage.  

Month 1 two peopleMonth 2 four peopleMonth 3 eight peopleWe are now looking for a larger space to meet (is Paneras coffee now).

The only work beyond my comfortable distance, I would only recommend investing into a Turnkey property that is renovated and managed by an experienced company like Memphis Invest or Maverick Investors unless my business took me there quite regularly, or if I knew somebody there I knew and trusted to help me manage and maintain it, or or as a Partnership I could invest with in an apartment complex  who I trusted and who is under control. 

Then renovated and filled with qualified tenants.

I would suggest you sell your present SFH properties and purchase a larger multi unit building instead.

Two larger cities with about 50K or more within 30 minutes. 

The things I like most:*Low entry cost*Management wants to stay in place and by your words is solid... these types of properties definitely take a special touch*I think there will always be demand for this type of housing... because it is dirt cheap*Most CapEx done... major updates/renovations on the horizon would kill this deal, IMOGood luck!

The GRM is an 8.03 and the property is in need of some renovations.

Long story short, a relative has a property they've purchased that they don't have the time to manage since they are doing a much much much larger project.

Hi Everyone, I work at Roofstock and am trying to get a better understanding of the post renovation costs for flipping a home.