I will be rehabbing that unit with mostly cosmetic updates.

SFH Pros:-Great "free" leverage-Less risk-Househack (rent out or airbnb rooms)Cons:-Can't completely rent it out because it has to be owner-occupied-Slow cashflow/returnDuplex Pros:-True investment property-Can force appreciation by updating interiorCons:-Tenant recently signed a 2 year lease until mid-2022 that is below market rent-Old home, it has good bones but general contracting labor is expensive since they are in high-demandThank you in advance!

I'm sure I'll learn something along the way, and will update this thread once more is known.    

Keep us updated @Chance B.

Hello Fellow DMV Investors,Here are some interesting recent stories from the D.C. real estate world.DC metro housing market continues to moderateBaltimore Housing Prices Remain HighProperties near Union Market sell for an eye-catching priceCushman & Wakefield's former D.C. chief launches new real estate ventureDC metro has nation’s 5th-largest spike in apartment rental activityKeep up with issues specific to the region with Russell Brazil and Jack Seidens' DC Real Estate Podcast and the latest sales trends with Cassidy Burns' DMV Weekly Market Update.

I replaced the roof, water tank, updated, electrical, updated the kitchen, refinished and stained the original hardwood floors, renovated the bathroom, Basically I did a total renovation!

I replaced the roof, water tank, updated, electrical, updated the kitchen, refinished and stained the original hardwood floors, renovated the bathroom, Basically I did a total renovation!

See the NCREC website for details or feel free to DM me.Keep in mind a few things in regard to your bullet points:1) Finding deals before others: The MLS updates almost instantly on Zillow/ Redfin etc.

We estimate the After Repair Value as follows:We find the similar properties that have sold within the last 6 monthsThe properties must be in the same community and within a one mile radiusThe properties must be updated and/or renovated (If we're going for rental quality we'll look for properties that look like rental quality If we're going for condo quality we'll look for condo quality)The room count, bedroom & baths, must be similar (we'll make adjustments up and down if they are not similar)The square footage must be similar (We'll make adjustments if the difference in square footage is too large)We'll look for a minimum of 5 similar properties- We use 5 because when we have to challenge an appraisal they ask for 5 properties as part of the challenge)We use the MLS & a system called REMINE to find the similar properties.

Completely updated, living in one unit and renting out the other two with a decent cashflow that will increase significantly when I move out and rent the third unit.