Put in 42'' shaker espresso cabinets, granite countertops, stainless steel appliances, new tile, painted the garage floor, painted the exterior of the house, painted interior, added a walk-in pantry, finished the attic space to give it a 3rd bedroom/bonus room, new tile in the bathroom, new vanity, and tons of landscaping.  

I think most investors find that 1 bedrooms tend to have a high turn over. 

I don't know the area so take the following numbers with a grain of salt...9 one bedroom units rented at $575 (let's be conservative)2 store fronts leased at $600Total Gross Revenue - $76,500 - 15% (sticking with the conservative theme) Vac LossTotal Revenue - $65,025.00Total Expenses (50%) - $32,512.50Total NOI - $32,512.50Potential Vale of Property if sold at 9% Cap Rate - $361,250Like I said, I haven't seen the property but that's how I play it out in my head.

., NORTH SYRACUSE, NY PARK LANE APARTMENTS 16 ONE BEDROOM APARTMENTS 32 TWO BEDROOM APARTMENTS RENT INCLUDES HEAT AND HOT WATER LAUNDRY ROOMS – 8 NORTH COLONY TOWN HOUSES 20 TWO BEDROOM, ONE AND ONE HALF BATHROOMS BASEMENTS WITH WASHER/DRYER HOOK-UPS TENANTS PAY ALL UNTILITIES WATER IS SEPERATELY METERED (TENANTS COULD BE BILLED FOR USAGE – NOT CURRENT POLICY) CONDITION OF PROPERTY: PARK LANE: ROOFS NEED TO BE REPLACED WINDOWS NEED TO BE REPLACED NEW BOILERS WERE INSTALLED IN 2009 DRIVEWAY NEEDS TO BE RESURFACED ALL APARTMENTS AND COMMON AREAS ARE IN GOOD SHAPE NORTH COLONY: ROOF WAS REPLACED IN 2009 WINDOWS WERE REPLACED IN 2009 DRIVEWAY NEEDS TO BE RESURFACED / REAR OF BUILDING NEEDS PAINTING FINANCIALS: OFFEERING PRICE $3,200,000 REPAIR INVESTMENT FROM SELLER $200,000 -SELLER WILL GIVE BUYER $200,000 AT CLOSING FOR ABOVE LISTED DEFERRED MAINTENANCE ITEMS PROFORMA P&L - MONTHLY RENTS @ 100% $44,000 LAUNDRY COINS $1,100 MONTHLY INCOME $45,100 EXPENSES MORTGAGE - $2,560,000 @5.5% FOR 25 YEARS $15,721 PROPERTY TAXES 9,700 PROPERTY INSURANCE 1,600 ELECTRIC & GAS (2013 ACTUALS) 1,700 WATER (2013 ACTUALS) 1,300 VACANCY ALLOWANCE – 8% 3,550 ALLOWANCE FOR MAINTENANCE 2,500 ($36,071) NET MONTHLY CASH FLOW $9,029 17% RETURN ON INVESTMENT OF $640,000 A few things to note.

So we have a few people in place, but it would distract strongly from what they both already do well.While the town is relatively small the area is about 60,000 and is a bedroom community to the state capital (100,000).

I am going to try it out for our 1 bedroom apartment and see how that goes.Here is a write up in the Huffington Post.http://www.huffingtonpost.com/2013/03/07/radpad-la-rental-app_n_2807732.html

I'm planning on (1) target potential, newly-listed leads (2) compare to similar properties (similar square footage, same number of bedrooms and baths, and in the same neighborhood)  that sold within the last 6 months (3) go physically inspect homes that seem to be listed below market value (4) if I see nothing wrong with the home, put it under contract and present it to my investors listAm I on the right track? 

The longer term nature of real estate and IRA investments enable investors to stay calm in the face of temporary setbacks / challenges and allow ample time to execute a turnaround or investment strategy.

One strategy I see in a lot of college towns is to convert a dinning room into a bedroom.  

5.She is trying to get $50,000 total to try to fix up the reno project plus pay for the expensive repairs on the other properties.6.She would also like to refinance the other properties which may be under commercial loans but deeds are in trust.One is over 12% and others I believe are over 8%.7.Her personal property has a mortgage for $130,000 and is showing about that value on auditors website + corelogic/Zillow.However, they completed gutted and rehabbed their house many moons ago and turned it from a 3 bedroom 2 bathroom church house into 5/6 bedroom 4.5 bath house.I believe theres plenty of equity to be found here but she’s afraid if she gets an appraisal for HELOC either she will waste money and it will come out to what the internet says or the county will reappraise the house and raise her taxes significantly which she can’t afford right now.8.She has a promissory note from a lawyer my stepdad lent $50,000 to some time ago.The note was due for $83,000 balloon in 2011 but he has only paid $5,000 on it.I don’t know the full details of this but she is supposed to send me a copy.Thanks for any help...this is pretty complicated, especially since I don't have the paperword to really lay down the exact details.