That means you'll be paying lease-up fees & rehabbing between tenants more often than a similar SFR.

Hi Dale,I have the similar feeling dealing with bankers.

I have a duplex built in the 50's I noticed that a similar duplex down the street was for sale and upon viewing the pictures I noticed it had a washer dryer hook up stuck in the utility closetthe owner moved the hot water heater to the left and and expanded the space I decided to do something similar in my unitsI actually used one of the hall closets there are two in the unit one near the kitchen and one outside the bedrooms I decided to use the one nearest the kitchen and ran plumbing and electrical to the closet widened the opening to accept a stack washer and dryer and installed vent holes and duct work to remove the lint.from the dryerof all the things I did in my unit from tiling to new lighting and laminate flooring over carpetprospective tenants seem to appreciate the washer dryer hook up the mostI think a close second is the laminate flooring but I wont know until it is all down and I have my first looks.this is probably old news to you veterans out there about converting a closet into a washer dryer room but I am a newbie and just happened to stumble upon this idea when I saw my neighbors house otherwise I may never had had the inclination to do it.

We spend around $10K for SFH homes in similar condition, so we figure $40K for this property.

More specific yellow letter that hopefully will bring in more motivated sellers, instead of tire kickers.For anyone else who was in a similar situation in the past and figured out how to get better results, what did you do?

If you can find comps farther away in similar condition that help justify your price, present them to the appraiser.

One of his strategies is similar to what you've done with cars--keep trading up.

anybody has a similar issue.

Try to protect that credit by not over stretching once you start doing deals.One rehaber who does a lot of volume uses an idea that is similar to what you have suggested.

You want to network with others who invest in similar communities.The math skills will come in handy.