Purchase price: $15,200 Cash invested: $15,200 Sale price: $22,400 2% tenant in common ownership with family in single family residence.

The most common complaint I hear about other agents is typically "they didn't do anything", or something to that extent.

- Going to be remodeling each unit (new appliances, bathroom, countertops, refinishing floors, etc)- Changing heat from gas to electric because electric is metered so tenant pays- Adding AC to each unit, which will be electric also- Improving common areas- Improving curb appeal Might build 4-6 new units because the lot is very large What was the outcome?

As a real estate investor, it is common to get criticized for investing in real estate versus putting every penny in the stock market (especially from financial planners who want that trade commission/fee).

Upgrade common areas and interior units.

Moreover, most have a minimum FICO score that can be anywhere between 600 - 660, most commonly it's 620. 

In my experience, deferred maintenance is very common.

Yes, Adam what you are describing is very common.

Talk to your financial/tax planner also.As well, a common phrase in the building trades, is "pay me now or pay me later".Buy the insurance.

If at that point you think you need to sever the relationship with existing agent you do so straight up.. this is very common any agent sitting on a open house the first words out of their mouth when someone walks in is are you represented currently..