Conventional Lending How did you add value to the deal?

Nice to see others from CA finding value in Milwaukee.What do you mean by "the process?"

I can't find any other homes that are cheap enough and within a reasonable commute time of my job and am beginning to think I will have to rent for a few years, not the worst thing in the world but not ideal either as I realize the value of real estate investment.

If you used that $100k to buy with hard money, you could find a value add deal and potentially move into a higher priced property or even a duplex.

:Class A Properties:Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Vacancy Est: Historically 10%, 5% the more recent norm.Tenant Pool: Majority will have FICO scores of 680+, zero evictions in last 7 years.Class B Properties:Cashflow vs Appreciation: Typically, decent amount of relative rent & value appreciation.Vacancy Est: Historically 10%, 5% should be applied only if proper research done to support.Tenant Pool: Majority will have FICO scores of 620-680, some blemishes, but should have no evictions in last 5 yearsClass C Properties:Cashflow vs Appreciation: Typically, high cashflow and at the lower end of relative rent & value appreciation.

We value the flexibility of using it for personal purposes when needed, but maximizing its potential for income was the primary reason for its construction.I am seeking input and feedback from the group regarding our current situation.Thanks!

If you wouldn’t buy this property at its current market value if you didn’t already own it, it’s time to sell especially as an out of state landlord in California, you are hated. 

So far I am only at about $90,000 in cost for this duplex and when I am done Im hoping I can refinance for 80% of a higher value then what it cost to build, rent out, and repeat the process.

There's never been a time in history where building equity through adding value wasn't possible, that's just stinkin' thinkin'.That being said- processes and quality matter greatly and thats where most people lose their shorts, not on the actual deal.  

Lived in it for 2 years, house hacked the property & added some value to it overtime.