I can do two apartments for $15,000 complete with new floors and new appliances.

Thank you all, they are month to month so they are going to leave :) very helpful when I found out I could pay them a couple hundred bucks to leave and remove the headache completely from my life  :) that’s a win right!?

I grew up in CA and Az and witnessed many BFE locations like Cal City that we thought no one would buy, build upon, or live in, that are now completely developed.

I will likely be seeking advice here if I run into issues.Purchase Price: $155,000 (Down from asking of $175,000 to $160,000 and finally to $155,000 after higher rehab)Rehab Price: $79,900 (Original estimate was $60,000)Appraised value: $310,000 (Original Estimated ARV: $285,000)I am hoping to list it for $319,900 or $314,900 when the rehab is completed in about 7 weeks.This is so far my only journey into Real Estate investing and hope to do much more and learn to scale my portfolio quickly and get to use the BRRRR method when it is available and makes sense. 

For example, a $1000 fine for using the elevator to move furniture would be completely unreasonable in a unit where prices are $150,000.

Ultimately it comes down to if you take action after you complete a mentorship program.

Looking forward to connecting with you.Hey Divya, I moved to Columbus a few years ago (from Portland, Oregon which was super expensive) to become a full time real estate investor, and ever since, I've completed quite a lot of BRRRRs, flips, and own a successful rental portfolio here in Columbus Ohio.

It sounds like you took a SFR and divided the home.

I'm on the verge of completely giving up!!

Good luck on this investment, it sounds like you've got a great deal!