Investment Info:Single-family residence buy & hold investment in Portland Purchase price: $562,500 Cash invested: $35,000Reroof and safety improvements

Those are really the only areas on the property where I'd prioritize making some changes.

Everyone will vary depending on how much of a safety net they need but regardless it is wise to have some put aside.

We prioritize this over reviews from past landlords because past landlords are typically not truthful because they may want to get rid of tenant.

Don't starve yourself or sacrifice your family's safety chasing a few more bucks.

Prioritize projects!

Safety monitoring - A big concern in basement apartments is Carbon Monoxide.

The key in my opinion to doing this in an expensive market is to prioritize value-add.

Leverage can have more safety at the bottom of that asset classes cycle.Where many went into big trouble is basing using leverage on an expected growth return that the market was going to keep moving up, up, up and even though they paid a lot for the property it would eventually turn into a deal.I am not against leverage used at the right point in a cycle.

I could probably get it for $20,000 and fair market value is probably around 70,000 to 75,000 if I were going to sell it. you really have to be careful with lead laws in certain states. here in california they can really hit you in the pocket book if it is not done properly. i actually had to take a lead safety class. there are companies who remove these things safely and they charge accordingly. is the paint chipping off ?