I refaced the cabinets, new flooring throughout.

Most likely you have CMX2 or CMX2.5 zoning, which is Commercial Mixed-use (CMX) by right, which means you're actually required to have ground floor commercial across the entire frontage of the building and for the first 30' of depth, then can have residential in the rear (beyond the 30' depth) and on the floors above.

If not then need to budget for floors 10 year life span, appliances and hot water heater 12 year life span, hvac 20 year life span, bath and kitchen remodel 20 year life spa, etc.

It needed new kitchen, new bathroom, paint inside and out, new kitchen, new floor coverings, new fence and small roof repair.Deal was structured as follows:$301,500 purchase price$20k downimmediate possession6 months to pay the balance$45,000 repair and closing costs$425,000 sale pricesale achieved 3mos 1 week after possession (was help up due to xmas)$78,500 net profit

Here’s my question, are there investors out there that actually buy property without having seen them physically themselves; buying without stepping foot in and walking the floors?

At 7pm on 2/29 I met them at the townhome (3br/2.5ba about $1500 a month), where we went over the townhome in detail, it needed some cleaning but the floors and the walls were good.   

I went in and repaired the property and did the following updates: - All new flooring throughout entire house- New stainless steel kitchen appliances- New Paint on both interior, exterior, and basement- Updated landscaping- Minor roof repairsThe property appraised for a little under than what I expected, but I gained a few insights from the initial BRRRR.

Any time two or more fixtures are being used at the same time the water in one becomes non existence immediately.Each side of the duplex has its own full bathroom, water heater and kitchen sink.The duplex is on a concrete slab.I cannot find the shutoff valve (except for the city shutoff valve) or the prv (I'm assuming there's not one).The water supply line is 3/4 and cutting a hole in the wall I discovered the lines feeding the fixtures are 1/2.City has came out everything is good on their end and they place a pressure gauge on external tap and said its lowI checked faucet aeratorsthe 3/4 main supply is cpvc and everything else is copperThe water bill is not high so I assume there are no leaksA plumber is suggest converting the lines that are 1/2 to 3/4 until it gets to the fixture.

If you are in the middle of a rebuild and need some free help with the project (and want to share how certain repairs, flooring, plumbing, etc.. work) shoot me a line! 

Very clean, nice floor plan, newly renovated.