You CAN do cash out refi on investment property and you CAN do a HELOC (harder to find a lender).If you buy a house CASH and below apprised value or you do work to increase the appraised value you can get UP TO 80% of the appraised value back out of it.

Adding another meter base and city water meter could increase your cost to build a lot, but lower the monthly expenses. 

If you already own the home you live in, then you can only use a FHA loan for a new property if you:1. are moving because of a work-related transfer2. an increase in family size requires a larger homedirect quote:“FHA will not insure more than one Property as a Principal Residence for any Borrower, except as noted below.

Ive researched alot and found other structures alot better 2% aquistion, 1% managing, 70/30 profit split.This is just what he brought to me and thought it was funny.

My due diligence would include looking for ways to increase the NOI, but from everything I have learned, I have been operating with the mindset of “I’m not paying for anything that isn’t already there,” e.g. rent increase, expense reduction from RUBS, etc. 

BUT, the positive would be:+ Catagory A neighborhood with stable renters+ Betting on property value will increase over 10+ yr given the neighborhood+ Turnkey rental, leases in place till 2018Would these positives balance out the lower CAP rate?

Is there any potential to increase rent prices?

If you are doing it in excel - a receipt for $100 that consisted of $25 paint, $25 tools, $50 roof supplies.can be entered into excel like$25 paint$25 tools$50 roof suppliesAt the end of the year you can sum up all the costs by description and provide that to your accountant.A couple things to point outWhether you expense an item or capitalize it will depend on several factors such as if you are increasing the useful life of the item, making it ready for a different use or making it more efficient.

Owner pays utilities now, however it has 5 meters, and I would change that, generating a possible 7k increase yearly in income. 

For a couple - this number increases to 8 if husband-wife each own their independent properties w/o having each other's names on the title docs?