Ranch properties with outdoor space are so easy to rent.

The challenge for us is finding the gems where I can push the value on the house...like by adding an addition or taking unheated space and converting it to heated living space, or adding another bedroom/bath. 

His company taught us a lot about commercial real estate investing and the tax benefits you get in that space.

I currently operate a property management company in NC, managing 170k SF of office space.

It has 5 residential units and 2 commercial spaces.

It has 5 residential units and 2 commercial spaces.

It has 5 residential units and 2 commercial spaces.

It has 5 residential units and 2 commercial spaces.

The other homes had not been remolded for decades but we proposed doing a modern renovation and the board approved of it, started off shaky at first but as time went on I think they realized we were trying to help the neighborhood and build a beautiful home.Definitely think talking to the board beforehand and getting to know people face to face helped a lot in this deal.Here are the numbers:$170,000 Purchase Price$8,000 Closing Cost$4,000 Holding Cost$75,000 Renovation (new: roof, siding, windows, front porch, back deck, HVAC, floors, kitchen, two baths, trim, paint, doors)$20,000 Selling Costs$315,000 Sale Price$38,000 profit.Some pictures, more can be seen on my website: kenbuyshouses.net

@Frank RolfeNew to this space.