Are you more of a sales minded guy, or are you naturally a systems person?

It does cash flow better then a SFH, you are correct.In my case:- it had to be re-zoned as MF with the city- an additional post office address had to setup (1A, 2B)- natural gas line was split and 2nd meter was added- 2nd electrical meter was added outside- 2nd electrical circuit breaker panel was added in the basement next to the other panel, and all the wiring for upstairs unit was moved into it- city does not allow for a split up of incoming water to add 2nd meter so both units have to share it.

Forgot to get a "before" pic of the bathroom, but here is the final product.

@blaine Moore - I'm a big fan of it, bought it on a Black Friday sale and I've noticed a large improvement in my productivity in the last 2 months.

What cities (or areas within the city) have you seen hit a nice sweet spot between cashflow and natural appreciation, and why do you think it's a good opportunity?

With institutions entering the industry a few years back, more products have become available to us as lenders, resulting in better products to the borrowers.

As for the investment cycle term, thanks to their non value-add nature, you have to hold for the long term in order to recoup transactional costs and the slight decline in price once the 'new car smell' from the TK provider's renovation wears off.

Paperwork, legal matters, taxes, things of that nature.

This lender has stopped the particular loan product this buyer was using and I was seeing if I can find someone that can still do this.  

It's taken a lot of cash so I've sold 2 along the way to keep paying for the rehabs.My experience has been that the quality of the product will determine the qualify of tenant you attract.