Finally, I schedule a walk-through with the tenant during the first 7-10 days of ownership so I can document the condition with pictures, talk to the tenant about maintenance issues, or project improvements during the next turnover.

Sometimes, you can move them slightly if the income approach is much higher, but your best bet to move an appraisal is meeting the appraiser while they are performing the appraisal and talking up how great the asset is, the improvements, the shortcomings of other comps, etc.  

Our team added a bathroom to the master, opened up 3 walls to improve layout, and brought high end finishes to make the project a statement project.

Our team added a bathroom to the master, opened up 3 walls to improve layout, and brought high end finishes to make the project a statement project.

Purchase price: $700,000 Cash invested: $24,500 Sale price: $700,000 OFF MARKET inside lot multi unit delivering just about a 10 capfacilitated for new investor. its great to come across business owners who understand how to deliver value to tenants to improve revenue and , show value to new investors What made you interested in investing in this type of deal?

After reviewing his unit that was listed by another company that had sat for 3 months I tried to schedule a showing.The automated email bounced back as not working and two separate phone numbers lead to a recording that said to leave a VM and they would call us back.After that I read the description on their unit and it instructed me to go watch a video of the unit on YouTube and apply through their website sight unseen.I am all for automation and leveraging technology but… this business requires professionals as well.

I have performed $5000 in capital improvements Lessons learned?

I've made a handful of improvements, but I've never done this before!

Made several improvements to the property including new replacement windows and HVAC replacement What was the outcome?

Some of the main improvements include: leveling the floors, tearing out the lath and plaster, new electrical & PEX plumbing, new siding, new roof, all new heating and air, new cabinets, new shower, new windows, replaced the flooring, and new doors.