We will give them ample notice that we will not be renewing these leases Our plan is to upgrade the property at that time to include:New concrete walkways out side, new stairs and porches for the upper unit.

I should add that I work in construction and am handy so a fixer upper or something that needs some work isn’t an issue.

Type vegas duplex in the magnifying glass at upper right.

You are thinking to Invest in Real Estate and be safe and you already know what a headache it is to do a fixer upper to sell.

Being on the marketing side of things, young and a father of two I know I've got an upper leg on many.

Appreciation (forced or "natural") this you aren't expecting as you're paying market price and not getting a fixer upper. 4.

Most investors will say that is CAP RATE = 10.Now, what if you buy a fixer upper for $100,000 that has NOI of $10,000 annually but you had to spend $40,000 fixing it up to habitable condition. 

If your in a financial position where this is an equitable gains play and have 0 care about cash-flow other than net 0 is ideal, than it might have some leg's as Plymouth is a great appreciation area.

I'm also new to the area and just bought a home in Spokane that I plan to house hack (a bit of a fixer upper, renovating the basement mother in law suite to be used for a STR-Short Term Rental).

If you are wanting to implement the BRRR method and are relying on forced appreciation you will need something that will be a fix-upper.