That’s the thing about this business, you won’t always hit home runs at every bat, but as long as you stay in the game and keep improving, you’ll always win in the long run💯💪🏽 On to the next.....

Hard costs are basically the site prep costs, construction costs, tenant improvement costs, etc. 

My personal feeling is the addition/mother-in-law‘s suite would be fine and could be sold as an improvement with the property.

Hi fellow Memphis investors -I was told by a real estate agent today that the City is now looking at Whitehaven as a neighborhood to improve and grow.

Buy a property for $1M with 70% LTV so equity is at $300K, spend $50K on improvements that increase the rents, sell it after 2 years for $1.5M and get back $750K, use the $750K to leverage $2.5M in purchases at 70% LTV and do it again using a 1031. 

More importantly I looked at how technology could not only improve lifestyle but cashflow:(These are general numbers not associated to a specific product, please price your own product and charge +/- accordingly)30 Unit Apartment$150 deposit per 2 "smart keys" (returned if 2 undamaged keys are returned - kept if not returned)= $4,500 on deposit at capacity$75 replacement - This will bring in a few hundred a year minimum on this property(Make sure your replacement cost to the tenant is more than your key cost for the hassle of reprogramming and to be paid for your time and cashflow, consider it like a contractors markup for services)If I pay $200 a lock I am in for $6,000. however in year 1 I receive $5k+in deposits or replacement fees that could be realized.

For an rv park, you want to maximize allocations to campgrounds/land improvements for depreciation purposes, along with other tangible property.

Definitely sign up for credit repair at the same time try www.creditnerds.com they have helped many investors improve there credit at a very reasonable price.  

If you're looking to make improvements to try and generate cash flow I'd start with that you've got.

This can be improved and increased cash flow.