PP $210kDP $15kRequired roof repair $15kInspection currently taking place this morning so unknown additional repair costsCurrent rents $2345 Owner paid W/S/G & exterior electric $544taxes $2200 /yrInsurance (awaiting accurate quote) estimated $1200/yrSeller financing $195k at 5.85% 5 year balloon amortized over 30 years with monthly payment of $1150.

*new roof*interior and exterior paint*new flooring*updated electrical system*opened up doorway between dinning room and living room*all new kitchen (cabinets, stainless steal appliances, granite countertops)*trendy board and batten window shuttersThe top selling points were the beautifully tiled bathrooms and kitchen backsplash.

Some of the larger expenses-Interior/Exterior Paint, Storm shutters for a few of the front large windows, added additional cabinets to one unit,  New refrigerator from Dent/Scratch store after old one died,  Laundry units that tenant pays +$50/mo for etc. 

Exterior and interior paint.

Exterior and interior paint.

I am now dealing with a lead paint issue on the exterior windows.

I looked at the exterior the other day and it most likely is going to need a new roof soon, also the exterior could use a new paint job but nothing too terrible.

He does a great job at keeping down our monthly dues that include trash, water, exterior of the buildings, parking lot, etc.

I didn’t see who was inside either vehicle and had the impression it was for a neighboring family.The repairs were on the exterior of the house and we didn’t go inside. 

By Nov 2018 .Mortgage was for 64000 current owners 24000.Property would have a value of a minimum of 190 though I know he is a hoarder and the interior will need a lot of work and some work on exterior.