My friend keeps adding tracts around it, but not contiguous to it. 

You have then increased the value of your home (forever) by adding the living square footage and bedroom and bathroom count.

Hello, I am in the process of buying an investment home with my brother as a cosigner, his income is qualifying the loan, but I have the money for closing and down payment in my account. do to a bankruptcy I had that ...

In lieu of the LLC I'll be carrying the highest amount of liability I can get on the landlord policy, and I'll be adding a multi-million dollar umbrella policy.But even if I do set up LLC's, I'm still going to carry a multi-million dollar umbrella because  owners of LLC's can still be sued pesonally if their decisions resulted in a serious injury/death (such as the failure to not remove snow as stated above, or not to fix that faulty furnace that was emitting CO into the house, or some other form of negligence).

We ended up getting nearly 4k of work done by the sellers which added value for our renters.

That photo is from a newly renovated house here in Atlanta, that was just listed.So, obviously there are some rehabbers that think they're adding a gteat feature, but aren't thinking it through.

Be carefull  adding central air to a duct system that was designed for heat only , it may not cool properly .

Of course the PM has the right to deny adding that addendum too.

The tax value is 92k with an arv of around 115k since the next building is the exact duplex renting for 596 each side.Also, the dining room could potentialy be made into a bedroom by adding a wall thus making it 2br and 1 bath per unit.The "minumim" repairs to be able to get one unit rented at 375 or 400 again will be around 5k after the purchase of the property to replace windows/repaint and some maintenance.If I bought this unit for 40k and 5k to repair 1 unit the numbers are not great but the potential for this property is incredible.I live 50 minutes away and can do most of the repairs minus the roof and windows but am stretched thin. 

Started managing properties for myself, then started adding management for others.I am currently using Buildium and have been satisfied.