The unit is now completely paid off.In the last year or so, several issues with building have been surfacing due to long-term neglect of previous management companies and the original developer/renovator (in 2006).

How long are you taking to complete the all the work?

My name is David, and I’m completely new to real estate.

Once complete I could rent out for around $750 per month.

Expecting to be all in when complete at around $170k including the original purchase, site clearing, the foundation, driveway, carport, sewer lateral, etc.

Then tell them if they want to stay you need them all to complete an application and qualify and to sign either  year long lease or month to month agreement that will list all occupants and state no smoking of any kind (what out if they try to claim pot is medically required) and also require security deposit and last month rent (if you want to go there)Even if you self manage you need a good attorney to help with the eviction (at least the first one )

@Soulo Zample that doesn't sound completely accurate.

Purchase price: $430,000 Cash invested: $120,000 Frame in the carport for a two car garage, adding a half bath, complete kitchen remodel, new laundry, and remodeled master ensuite.

Purchase price: $430,000 Cash invested: $120,000 Frame in the carport for a two car garage, adding a half bath, complete kitchen remodel, new laundry, and remodeled master ensuite.

We invested more than $90k in renovations, and it took a total of 9 months to complete.