I ran some comparables and I think conservatively I might be able to sell it at $170k without any repairs, and $180-$190+ with some bathroom remodels and minor cosmetic repairs.

I'm not afraid of loosing my job as much as seeing chains on the door knobs.

Do you get actively involved in the process.. making calls, door knocking, etc.?

The app then spits out all kinds of information about the property including: number of bedrooms, bathrooms, the square footage, when did it last sell, what is it worth, etc. 3.School Finder: If you’re an agent that helps families find houses near the best schools, this app rates schools and helps you locate properties for your buyers near the best schools.4.Mortgage Calculator$: This app is easy to use for agents to help buyers figure out what their monthly payment will be.

I would first go knock on the door and talk to the tenant about their situation before paying for legal counsel.

That last part is an important clue to vetting the don't care properties from the ones that the owner just hasn't gotten around to working on (REO, rehabber, developer, etc.).Do you mail, door knock, hire kids on bicycles, etc.?

Kitchen & bathroom upgrades are usually the items you would want to upgrade if selling the property.

There are investors that do this kind of thing with HUD homes as well.They sign paperwork at closing that they are occupying the property.Another component of this is fraud to a lender on a loan if you say you will be living there.The reason is lenders give certain rates to owner occupants because statistically you will fight much harder to keep a place you live in.If it's just a bad investment it is easier to walk away hence a higher rate and more down.This property from what you said is 2,400 X 12 = 28,800By half is 144,000 at a 10 cap based on 50% costs.The carpet and paint the bank put lipstick on it it appeal to a home buyer living in one unit and driving the price up.On a quad typically you could expect about 8,000 for the siding,4,000 for the roof,6,000 for 4 outside A/C units,if interior bathrooms and kitchens are outdated about 4,500 by 4 units is 18,000,then water heater and heater about another 6,000 total.So conservatively I have about 42,000 in immediate CAPEX.Every areas cost is different so I am just throwing mine out there.Now the other you say 20 quads total is what you need to worry about.If there are a bunch of short sales and foreclosures from vintage 2004,2005 loans then the new purchaser with a cash offer or a small debt service will rent below market to fill quickly and turn more or the same monthly cash as you.So you starting out at 600 rent monthly might go to 550 or 525 in your development.I have seen this happen.I have also seen even if your building is well kept quality tenants do not want to live next to the other buildings where landlords put in suspect tenants to fill up.Also some landlords with high debt service will drop rent instead of repair to keep tenants so they won't spend tens of thousands out of pocket to rehab.

Even OJ Simpson, who visited my next-door neighbors home and replicated their rock pool, had his former residence dozed and leveled and a new structure built in its place (although no one is alleged to have died there).

Hi,Other than the bathrooms, has anyone installed tile on the second floor of their property?