Some of those changes may be upgrades to what you're planning, and can cause costly time delays, etc. if you're not set up to deal with it.

I need thoughts on an older 4 Unit Brick Building, 3 Units upgraded, 1 with long-term tenant needs upgraded when they move out.

Will Barnard - We're working on upgrades to the Marketplace in the near future, but until then, there's absolutely value there still.

I buy properties in need of repair and upgrades at a bargain price.

If they are desperate for relocation, I will hold off because it is more of a hassle in the log term, but if they legit want to move, I may make more repairs/upgrades for them.I hope this helps because I rather loose 3 months of rent to keep it vacant than get someone in and evict them down the road

months to complete the upgrades.

Sean,This may not be the most aggressive perspective relative to subject2 deals, but my conscious does not let me do one unless I have the money in the bank to cash out any and all liens if things go sideways.

I had absolutely no problem with the condo I got, upgraded and sold - just like anything else, make sure it's the best house at the lowest price of the competition.I sold it to a divorcee and her mother.

It seems like they have thought this through and made the conscious decision to avoid all of the reporting requirements necessary.

Not saying that's a bad thing (as long as that's a conscious decision), but something to think about.Let me know if you have any questions about the area.