I went down to the City last Friday to ask them about subdivision versus condo regime - it was time well spent (note:  get there 30 minutes early on a Friday morning and you're in & out quickly.

All units are as originally built and nothing has been replaced or improved (including HVAC).

Maybe 5 or 10 bucks  to 60 all in but it is not worth it versus a quick submittal and approval for 50.I wouldn't put too much value into a BPO these days.

We are doing all the requisite cosmetic fixes and hope to sell next year for a good profit, through the market is soft so we may need to rent for a year and see if it starts to improve.

There is limited appreciation upside and you should keep that in mind when contemplating what improvements to make to the property.  

I can also stipulate the amount of coverage I want versus paying for replacement coverage in order to keep rates in check while still covering my investment. 

As long as we don't have to take a major haircut on the market rent we are able to charge, we look forward to the opportunity to help people improve their situations.

The City is putting a lot of money into improving the downtown core area with light rail and encouraging retail investment.

Over the past two years the city has been executing this revitalization plan and the neighborhood is improving. 

No matter how good your coach is, you need to develop yourself too by asking good questions on RE.Joining one or two good RE Investors Association in the city you live in will also improve, and speed up your learning rate.