Howdy my wonderful fellow REIs,I have been on the search for my second (buy&hold) rental in Cleveland for months now, but it seems as if there isn't much inventory out there and/or the available inventory are either extremely overpriced, need so much work it isn't worth it, in war torn areas.

I have made a number of capital project improvements including insulating the entire building, renovating one unit, and installing two new water heaters.

Also there's a lot more inventory now than there was when I was looking for this property, I think there are more coming up that look like they're at least close to being deals, at least relative to the previous year.

In both cases, generally, most of the cost would be capitalized as either inventories or building/improvements, so you wouldn't need multiple COA. 

This limits you to the East side of Worcester and there isn't much inventory. 

Fix vs replace something) and tenant advocacy/satisfaction (eg. run some kind of tenant satisfaction survey and give them a bonus for improvement or meeting a certain target)?

I believe that the original sales price, PLUS any allowed improvements, are what make up the Basis.

This is not about the recent changes in the forums.I get a kick out of the following types of posts.  I've changed the details, to protect the guilty.1.  I'm 8 years old and what should I do to start in Real Estate?2....

@Sing Ho my favorite is to buy under market value with cash (because the seller or property has a loan problem) then brrrr,  I can 5x-20x my improvement cost to value added pretty easily.

The construction would be based upon "draws" to pull down from the loan to finance the improvements.