If he is not, buy him a nice dinner.

I find these homes all the time, rip the siding off and stucco the home.I do also agree that the most important factor is the curb appeal which would mean changing the old wood frame or metal frame windows, in doing so, you will have to stucco the home anyways unless you use retrofit pop-ins which I do not recommend, and all the other things mentioned - landscaping, nice looking color combinations, etc.So, is stucco convenient?

The property is a 4plex with four 1/1 units in a nice neighborhood filled with SFR.Asking price: $120,000.Disclosed Operating expenses: - $80/month for landscaping.- Tenants pay water/sewer/cable/phone/garbage/electricityReserves I Calculate:- 6% for vacancy. ($96 per month)- 6% for repairs. ($96 per month)Estimated property taxes: $1,462/yr.Estimated insurance: $1,482/yr.Lending Terms:25% down payment = $30,000.$90,000 @ 4% over 30 years = $429.67/mo.Each unit currently rented at $400/mo.

The less nice houses will always be a drag.

It is possible that your cousin just wants to do something nice for a family member.

If you offer a nice product and provide good customer service your homes will stay rented with very few hassles.

Being low income can afford you some dog-gone nice areas.

One nice thing is that I don't need to worry about a 1031 as the properties will be reassessed.I think there are a lot better opportunities out there and that these three properties are "weak equity" and should be doing much better for me.I would love to hear your ideas.

Nice stuff guys

Area is really nice and I think the home prices in the area reflect that.