If you slide over to 24th and 60th there are some nice neighborhoods.

Im sure if I cant find good renters there, I will just board up the windows abd doors. $45k was not a huge price but no takers in this section of dumpy Florida.

There is a gutter missing, needs new screens on the windows and a new post outside and like I mentioned some mildew on the ceiling in the master bathroom and a leak spot on the first floor ceiling beneath the master bathroom.I dont think I will continue with this property.

Check your roof and windows for signs of leakage.  

I know there's many different ways to evaluate what the company is worth, I'm just curious how other people with experience in this area would think through the negotiation.Initial investment: $15,000 each/$30,000 totalAcquired 1 property for $24,500Have put about $10,000 worth of work into the property, some demo, updated electric, moved plumbing, new windows, new door, some framingCurrent value of property is hard to determine, there aren't any good comps but my gut says it's worth about $40-45,000, will be worth about $60-65,000 when finishedPartner has made personal loans in the amount of $25,000 thus far (I think 4.5%, cannot readily find the agreement), with interest accruing to be paid out when property is rented, refinanced and loan paid in one lump sum.

If they are heating the home with windows and doors left open and the utility bill is suddenly $400 then you could charge them the extra $100.A couple more suggestions:1.

Purchase price: $110,000 Cash invested: $30,000 4 unit c class apt- under market rents Crime report was clean Bus stop in local proximityLocal shopping and other necessities close as well Professionally managedProperty Details: 1/1- 500sq feet eachNo AC or window units currently in any units One vacant Base board heatSepertely meteredTenant pay water/ electricReplacement windowsCurrent tenants keep their units nice, they have just been underserved by the previous owners and their units needs some repair Professionally managed with current leases and deposits in placeWith it being a quad all tenants have a trash can ( no expense for a dumpster) REPAIRS NEEDED: 2 subfloor repairs needed in 2 units, flat roof needs minimal repair, 3 waters heaters need replaced, about $1,000 allocated for any plumbing repair, bracing underneath as needed or where any joist are weak.

We moved walls, added a laundry room inside the property, added a patio, added privacy fencing, added an automatic sliding gate, closed off exterior doors, added exterior doors, new windows, and all the cosmetic upgrades you'd expect in a flipped house.

Downstairs, I painted all interior trim white, refinished doors white with new hardware, put crown molding on all downstairs windows, put new tile in downstairs bathroom and kitchen, painted all kitchen cabinets white,  new hardware, removed cabinets to install new island stainless steel hood, replaced all kitchen appliances for stainless steel.

The deal looks like this.5 Bedrooms/ 2 full baths large yard with 7 fruit trees security system on windows New Rooffull fence Two car garageShe had it listed for $170,000 but the Agent claims that she didn't have it on the market for long enough.