It's a 22 high efficiency unit. 

After you grow and have some properties under your belt, then you should start focusing on how to become more efficient.

Honestly, most of them are from California, but we have investors from Israel and Singapore to Denver and Seattle investing here.While I think Indy is a great place to be, I have many clients in multiple markets and I think the most import thing isn't just the market, but building a team and having a network in that market to help find the deals, understand the numbers, close quickly, renovate efficiently, and manage the property effectively.

Gas is the cheapest and most efficient .

We painted inside and out, refinished the hardwoods, added a high-efficiency roof swamp cooler What was the outcome?

I just bought a duplex in my area, and now that I’m living where i am I’m finding a bunch of multi family’s that look distressed. I know I can go around door knocking to see if the tenants want to give me the landlord...

Large Cap Ex Items Doneregraded and paved driveway and all of parking lotAll new vinyl replacement windowsVinyl siding on both buildingsBuilt: less than 35 years oldGarden Style, 2 Buildings, one is 6 units, one is 8 units(efficiency apartments)I look for 10% 1st year roi based on 25% down and closing costs to buy property.Current Income-90,000 (current owner assumes 15% vacancy rates to be safe)Current Expenses-57,000( 2018)I see a potential for income to be- 95-98,000 within next 18-24 monthsExpenses-I calculated at 51,000 within next 2 years including the below metrics.All trash removal costs, property taxes and insurance costs were factored in as well.10% cap ex11% M and R(turn overs were included in this figure and 1/2 months rent paid to prop. management company for screening new tenants and placing them)6.5% current property managementI calculated my cash flow after paying mortgage and all the expenses was around 5,800$ per year.  

The estimated rehab time is 6 months and once we get it up and running we will just practice efficient management and build our systems out so we can move on to the next property by mid 2020.

They are great and tenants love them too because they are VERY efficient.

Efficient communication and integrity are key.I appreciate it if you provide recommendations based on PERSONAL experience.