Purchase price: $60,000 Cash invested: $66,000 Sale price: $197,000 Transformed and Trendy!

On Friday morning we will be bringing new sneakers, socks, underwear, and t-shirts as well as the money we promised. 

If you're planning to hold at least 5 years, I'd suggest you tweak you model a bit and see what would happen to CoC if the rent continued to increase per the current trend. I

Even the public housing nearby has trendy paint colors, new roofs, no smoking anywhere on property, and the place is almost empty on weekdays meaning they all likely work.

In some rehabs we intentionally choose not to do everything because there are some things the buyer values more than other things - trendy paint and fancy appliances vs new windows.

The trendy neighborhoods close to the urban core will also attract a good tenant but I find they tend to move on in a year or two, so you are filling vacancies much more often.   

Central Michigan University must bring a lot of renters to the city and there is a cool downtown area with many breweries and trendy restaurants. 

Point is, seriously pull out the charts for the median home values over timeline, a reasonable time in market years say 30+ years and it will blow your mind how small those changes actually were, and how much the market keeps snapping right to the steady straight upward trend. I

It's nice to see opinions from both sides of the issue :)When a tenant pays late once, I enforce and collect all late fees and...I take notice.When a tenant pays late twice, it's a trend.  I

This area is a up and coming area- a lot of hipsters, artist types and definitely getting more trendy.