But after the first few I just have my agent view the home and take photos.

Since it is a multi- family already you shouldn't have a problem converting the basement, as long as you meet Building codes. one way to cut utilities, run separate meters and have the tenants pay for their own, Install new more efficient Mechanical's ( furnace, hot water heater, washer /dryer etc. ), replace old windows with new more efficient windows, put timers or photo cell lights on the exterior so they are only on at night.

My intended plan is as follows:1- research property and crunch initial numbers2- partner checks out the property and provides detailed feedback including video tour or detailed photos, help make decision on putting in an offer pending inspection3- I'll come view the property with an inspector This will be my first investment so I'd appreciate any help and feedback along the way

https://goo.gl/photos/Da8sLhvsK4fJ3HUp7Purchased at 35k, we put 45k into the deal.

If you self manage and have no repairs for 5 years, then you might show a nominal positive cashflow, but still less than $2000/year.

Their like weeds every where. i am actually taking a photo of one every other day outside my office window. its almost higher than my fifth floor view. anyway, the rent on these units are really high. 

In general, apartments tend to be less risky and investors can accept a lower nominal return on an apartment building while still achieving the same risk adjusted return, with all else being equal. 3.

Apartments also tend to be more of a pure real estate play while hotels and senior living facilities are less about the real estate and more about the service and operations.In general, apartments tend to be less risky and investors can accept a lower nominal return on an apartment building while still achieving the same risk adjusted return, with all else being equal.3.

As additional humor bonus, I add a photos of mushroom growing on the ceiling and light fixture of water.

Look up comps, determine ARV, use the listing photos to help determine the repairs and how long your rehab period would be, holding coats etc.