Typically you want to see the rent be 1% of the value, so you would need to be around $4300 to make since for a rental.

The high property taxes in Bayonne (typically in excess of 1k/month for multis) already make it very difficult to find positive cash flowing properties on the market.

I know in my house, we almost always only have one running.To be fair, it's possible I'm being colored by my own very poor experiences with HVAC. 

These surfaces are typically scraped but you could also replace them based on cost estimates. 

@Arturo Borges, I was recently at a presentation by a good sized local developer here in Memphis and he said they are typically selling homes at 4.5x the land cost (does not take into account custom builds or higher-end homes). 

@Angie Brooks is correct, typically you would start with an LOI. 

When I talk with local brokers, they typically only know of the local/regional tenants looking for space rather than any national tenants.

But haven't explored this option.One question, what is a typical ROI you look for on Investments around RVA?

Typically folks buy turnkey out of state so they can hit the lower cost markets. 

Firstly, the basement walls' color was black / dark gray and we discussed on the phone that they will use some neutral color for it.