Here's a list of what's included with this home:New drywall & insulationAsbestos abatementNew copper plumbingNew air conditioning, and FurnaceNew recessed lighting throughout New bathrooms (two bathrooms)New kitchen cabinetsTankless water heaterNew garage door New roofHard-wood flooring ceramic tileNew granite kitchen cabinetsUpdated Fireplace in the living roomNew interior and exterior paintI'm no expert but this seems extremely high.

I am currently in the process of refinancing two duplexes and my current portfolio is holding me back due to structure. 

I was paying a $800 rent and found a nice little house with rehab potential for $ 123 000, converted the unfinished basement into habitable space with a bedroom/bathroom, a laundry room and a multipurpose room.

The commercial space used to be a business, and it is closed permanently.The commercial space has two bathrooms and no kitchen/sink.Discussion:- I would like to convert it into a studio (residential unit).

Hey @Brandon EllisThe entity structure you are referring to is known as the Series LLC.

I was thinking Vinyl plank flooring, and used SS appliances off craigslist or Facebook market place and also the scratch and dent stores.Upgrade bathroom?

We just updated one of our bathrooms and the garage (turned it into a room) and we have the option to remodel the kitchen and the 2nd bathroom. 

Just make sure there is no "structural issue" with the property or some issue that will drain you financially.Don't get analysis paralysis. 

@Jay Helms I stand up during the members part of our monthly in-person REIA meetings, and announce that I'm happy to talk to, or have coffee with, anyone who wants to talk about real estate.And then, because of that and the fact that some folks recognize me from posting on BP, I usually have a ton of people come up to me during the break and after the main meeting.To be honest, it's exhausting, and sometimes I head to the bathroom just to hide for a few minutes before I can deal with The Crowd.

However if you can truly only afford $450 then I don't know how you can structure it so that you can afford it and they can safely expect to get their money in a timely manner.