Hello All, i came across this  college town property - it is a value add opportunity. 14 Unit Complex - 12  2bed/1bath   &  2  1bed/1bath         * Separate electric and water meters.

He only pays $325/month.For people interested in the numbers:Purchase Price: $250,000Rents when fully occupied are $5,500/month (most units rent for $175/week) My monthly expenses are roughly $2000/month (working on lowering this buy buying the Water softener isnt of rent, switching the internet/cable company, and adding insulation in roof to lower my utility bills)The best way to get started is to just get started, I dont have all the answers but it seemed like a good deal and a great learning experience! 

You will quickly learn about footings, water service replacement, electrical load calculations, and a bunch of things you don't know about. 

Hello All, i came across this college town property - it is a value add opportunity. 14 Unit Complex - 12 2bed/1bath & 2 1bed/1bath * Separate electric and water meters.

And got the upper/lower water damage fixed and repaired. 

The reason the shower is being replaced is because they notified me of a water leak coming from the shower.

That makes the steps look nice, but they do stand out as different.I prefer tile for bathrooms since they are more at risk of getting wet and having sitting water.

“Because the $20,000 took so much away from their equity to put into another home, they decided not to sell,” she said.Another client of Chaname had difficulty selling his home because would-be buyers balked at paying $16,000 more for a home with HERO-financed air conditioning, duct work, water heater and insulation when similar homes were selling for less.The buyers argued they were paying for the improvements twice – through the higher valuation on the house and assumption of the loan.

When owning a vacation rental, the biggest financial risks to you are from fire, water, and liability.A solid overnight rental insurance policy will cover you for all of these risks.

If you're thinking of turning the shed into its own unit, it would require some serious upgrades—like adding a separate electrical panel, sewer, and water connections.