Immediate upside potential-rents could handle a 20% increas w no improvements; 30% or more with minor upgrades with additional anticipated increases as neighborhoods continues to gentrify.Very cool building that has many updates already (electrical, plumbing, windows).The cons:Roof needs immediate replacement.

The property needed a new heating unit from scratch, it needed windows, doors, sub floors, electrical work, plumbing, siding, bathroom and kitchen redo, etc.

The old boiler, old electric service, and plumbing issues will be key.

Good roof, electric that has been inspected and plumbing.

Also, no garbage disposal - always causing service calls and you can install if you ever decide to sell (which is one more reason not to do an undermount since the disposal will be easier to install - something always does not fit right, and I hate plumbing).Best Regards,donko

You can exchange foreign property for other foreign property (i.e. non-domestic for non-domestic), but you cannot exchange U.S. property for foreign property (i.e. domestic for non-domestic).

According the New Mexico State Bar a landlord must:Supply running water, a reasonable amount of hot water and reasonable heat in the dwelling unit at all times.I assume that means making sure the plumbing, hot water, and heater are in working order and not that a landlord must pay gas and water, right?

Electrical, plumbing?

He started the work, but didn't finish, electrical was done and some plumbing and everything was done on permits.

You will spend more than 5k a unit in rehab if these are gut jobs needing electrical and plumbing and updated kitchens and baths etc.Total gut jobs usually run in my area 11,000 to 13,000 a unit.