All 4 units completely remodeled, new roof, new plumbing, new electric, new windows.

So a 100 unit apartment will be $25-30k to ensure you have money to fix big ticket items such as roof, HVAC, etc.And I'm not talking about the capex to fix deferred maintenance or to upgrade your property to match the surrounding comps.

There is huge potential in clearing out the extra land that is currently forest and adding multiple apartment complexes but that isn't a project I feel like I am not ready for.

I have an opportunity to buy a 2/1 renovated property  for 120K with projected rental income around 1250. 

Hi BPer'sI am new REI in Houston TX and I am currently under contract for my first major rehab project. 

Let me first provide a little context on where we are at with the deal and the overall condition of the property.My intention: Primary residence- 2 yrs, then rentalLocation: Denver, CO (Very high growth neighborhood, this deal was almost all dumb luck...)Condition: House is B Class, recently remodeled, 3br, 2ba, huge yard, carport, shed, new roof, everything about this house is above and beyond what I consider move in ready.Asking price:  $399,000Days on Market: 27My Offer: $375,00 (Accepted)Contingencies: Inspection, Appraisal and Seller allowed to live in the property for 9 months after closing while new build is being completed.The seller is in a position where they need capital to finance and complete the build that has already broken ground on their new home. 

"Ya know I can do this for 8K for the kitchen and 6K for a roof, throw in 10K for some misc.....Bah Lets call it 30K in repairs."

Yes you have 1 roof (maybe), but you still have 2x the tenants and 2x the toilets and all the responsibility for the 3am phone calls....

I have a sub-contractor that will MAKE time for my projects because he knows he can make money and won’t be beat down on everything.

I am based in LA, but pursuing properties outside of LA for my first projects.