Hello all, I just purchased my first 3/2 SFR in NE Pensacola and it needs advanced cosmetic work: cabinet finishing, countertop replacement, a window, roof repair, some wallpaper and texturing work, minor water damage in bathroom ceilings in vicinity of leaking roof boots.

They run a Mobile Home Boot-camp that meets 4 times a year in different cities across the US.

They will be able to get you boots on the ground infoto your successJosh

When you go to sell, the new landlord will be either booting the tenant or raising rents to market.

I understand that I can make adjustments to the nightly price (I use pricelabs for this) to combat this.Was just curious as to what all of your thoughts were! 

Get going to local meetups and meetups in the areas you want to buy to find those people (boots on the ground) to be successful in that market. 

Purchase price: $1,400,000 Cash invested: $400,000 Financial Highlights:Purchase Price: $1,400,000Price Per Door: $58,333All Units: 3 bed/1 bathAverage Rents: $700/mthMarket Rents: $1,100/mthRenovation Budget: $240,000Refinance End of Year 3 or soonerAfter Repair Value End of Year 3: $2,426,000Value Per Door: $101,000Valuation at Year 10: $3,630,000 (5% appreciation)New Loan: $1,819,000 (75% LTV @ 6%)Net Proceeds: $454,500Initial Capital Invested: $400,000Remaining Equity: $606,500Ongoing Cashflow Years 4+: $70,000/year approxQuarterly Distributions Starting Q4 Year 1Additional Details:Strong cashflow year 1-3 before refinancingAll invested capital repaid to the investor by the end of year 3Reno costs provided by LenderStrong boots on the ground team in placeLandlord-friendly marketTotal Raise: $400,000Minimum Investment: $50,000GP/LP StructurePartnership AgreementBuilding Specifics:Number of Units: 24 unitsBuilding Size: 33,393 sq. ft.Unit Mix: (24) 3-bed, 1-bathFor more information, visit www.venturecocapital.com.

Michael Blank - www.themicahaelblank.com- Podcast: Apartment Building investing with Michael Blank- I have taken his course -goodDavid Lindahl- https://rementor.com/- I have taken his course and attended his boot camps, several years agoRod Khleif- https://rodkhleif.com/ - Facebook group - http://www.multifamilycommunity.com this link will redirect to facebook where you will have to as to be in the group. - Podcast: Lifetime cashflow through Real Estate Investing.

Purchase price: $1,400,000 Cash invested: $400,000 Financial Highlights:Purchase Price: $1,400,000Price Per Door: $58,333All Units: 3 bed/1 bathAverage Rents: $700/mthMarket Rents: $1,100/mthRenovation Budget: $240,000Refinance End of Year 3 or soonerAfter Repair Value End of Year 3: $2,426,000Value Per Door: $101,000Valuation at Year 10: $3,630,000 (5% appreciation)New Loan: $1,819,000 (75% LTV @ 6%)Net Proceeds: $454,500Initial Capital Invested: $400,000Remaining Equity: $606,500Ongoing Cashflow Years 4+: $70,000/year approxQuarterly Distributions Starting Q4 Year 1Additional Details:Strong cashflow year 1-3 before refinancingAll invested capital repaid to the investor by the end of year 3Reno costs provided by LenderStrong boots on the ground team in placeLandlord-friendly marketTotal Raise: $400,000Minimum Investment: $50,000GP/LP StructurePartnership AgreementBuilding Specifics:Number of Units: 24 unitsBuilding Size: 33,393 sq. ft.Unit Mix: (24) 3-bed, 1-bathFor more information, visit www.venturecocapital.com.

Purchase price: $1,400,000 Cash invested: $400,000 Financial Highlights:Purchase Price: $1,400,000Price Per Door: $58,333All Units: 3 bed/1 bathAverage Rents: $700/mthMarket Rents: $1,100/mthRenovation Budget: $240,000Refinance End of Year 3 or soonerAfter Repair Value End of Year 3: $2,426,000Value Per Door: $101,000Valuation at Year 10: $3,630,000 (5% appreciation)New Loan: $1,819,000 (75% LTV @ 6%)Net Proceeds: $454,500Initial Capital Invested: $400,000Remaining Equity: $606,500Ongoing Cashflow Years 4+: $70,000/year approxQuarterly Distributions Starting Q4 Year 1Additional Details:Strong cashflow year 1-3 before refinancingAll invested capital repaid to the investor by the end of year 3Reno costs provided by LenderStrong boots on the ground team in placeLandlord-friendly marketTotal Raise: $400,000Minimum Investment: $50,000GP/LP StructurePartnership AgreementBuilding Specifics:Number of Units: 24 unitsBuilding Size: 33,393 sq. ft.Unit Mix: (24) 3-bed, 1-bathFor more information, visit www.venturecocapital.com.