I love the value add in general because it helps your wealth-building potential and equity position. 

If so, try starting with the median list price in your target market. 

If you don’t, then at least start with an appraisal and go from there. $145k sounds like a good starting point to me. 

I'd also remind them of things to do to keep it cooler in the unit (open windows in the evening-if it is safe to do so, and early morning to let in cooler air and let how air out) and keep curtains or blinds closed to avoid sunlight coming into the unit (ie when sun is shining on that part of the building).

But, it starts with choosing a market where you can afford to buy.Congrats on your home!!

Yes, he can purchase multiple properties of different sorts (single family home, commercial building, DST, Mineral Rights, etc.)One important thing to keep in mind: in order to defer 100% of the capital gains taxes, one would have to spend ALL the cash proceeds from the sale of the property and purchase equal to or greater than the net sales price.

If you prefer to have the MMLLC involved from the start, consider a "drop and swap" strategy, where the property is moved into an LLC before the exchange, though this requires careful timing.

I’ve been working in property management/real estate since 2020 and really want to try my hand at starting my own company.

I am installing a security camera on the northwest corner of the garage to monitor the garage door and part of the common area where a criminal is most likely to approach the building.

I will be able to start remodeling 9 units when I close.