All the apartments in this building are beautiful and I did kind of have a small concern when the first thing the tenant told me when he did his final walk thru is how he has never had such a nice apartment before.

Plumbing: Cast and lead drainage, mainly copper feed linesElectrical: all piped and grounded but mainly surface mounted and running off of the old glass fuse breakers and under serviced. 75 wire so potentially can't add even add any new 90 rated fixtures (ie can't change lights)From a financial perspective the numbers will work beautifully if I can turn over some of the tenants and upgrade the systems when I do.

And charge a non-refundable pet deposit upfront, it is easier for them to handle than saying you didn't get cat hair off the door frames, baseboards and I called in a cleaning crew and I am withholding money from your deposit.

For one, the comparable properties in this area were beautiful with much higher finish levels that our previous deals.

The process of finding something that is very ugly, but has good bones and turning it into something beautiful that can put money in your pocket for the rest of your life is appealing.

Happy mothers day to all the beautiful moms out there.      

Beautiful downtown area!

My name is Bobby Hoffmann, and I live in the fast growing and beautiful Northwest Arkansas. 

Everyone likes to get caught up in the finishes and the flashy stuff, but I've seen beautiful projects that lose money because they paid too much for the property.