The 3 bed and 1 bath when they rebuilt the house they should have added a second bath for resale.

This is my first deal and I my exit strategy was retail sale or hold as a rental/lease option.

Asking price: 183kMaximum Offer: 160k, although i'd love to get it for closer to 140kLocation: SE PortlandDuplex with both units having 2 beds and 1 bathGross Month Income: 1700Anticipated Monthly Profit: $500Repairs: No major repairs to best of my knowledge, maybe a grand or two in general repairJust to give you a comparison, desirable areas in Portland can have 2 beds going for 900 and up, so the 850 per month units are close to market value, maybe a little under.

If the seller was not in a position to accept an offer that made sense to the investor, they said, "No problem, I have a really great agent that can help you sell your house retail and try and get you more money than I can offer."

One unit was a clean 1 bed 1 bath with long term tenants 3 years and the other, which i intended on moving into was a 3 bed 2 bath thrashed!

We have built small cluster residential, large retail and numerous renovations, just to name a few, and almost every Owner underestimates their scope of work.

I was wanting to raise the rent $50-$75 for the top unit (3 bed) and $25-$50 for the bottom unit (2 bed).

If the homes you are buying aren't distressed, then you are probably paying retail or slightly below.

So if you rent that 2 bed for $1400, you're guaranteed $1200, then you have to chase the other $200.

The general thought in Georgia was usually that land would be 25-30% of finished retail price of the house.