Spent about USD100,000 on renovation/improvement.

Rents on slightly improved houses are easily clearing $1,000.  

I just finished reading The New Rules of Real Estate by the Zillow founders and they talked about different improvements to make and the ROI on those improvements.

So that you can focus on these improvements to get the highest ROI.In order to get higher quality tenants, you just need to have more applicants to screen.  

I have seen people do an initial negative cash flow for three main reasons: 1. projected appreciation, 2. a personal value that balances the negative cash flow (e.g. 2nd home, subsidize a family member), or 3. post purchase improvements that will eliminate the negative cash flow.    

You may be able to buy several and literally improve the neighborhood.

I could easily make this property worth a lot more then the purchase price within a year by raising the rents and improving the property.

Full access and occupancy of property full charge of day-to-day operations including all revenue generated fully responsible for all expenses and maintenance of property Allowed two inspections a year to ensure proper maintenance and operation of property All improvements will be funded by buyer and 100% of net profit Buyer to obtain permanent financing within 24 months Deposits and 50% of interest as down payment If permanent financing not obtained by buyer, all deposits, interest and improvements are non-refundable

You should also have a written agreement to spell out what is allowed, who will do it, who pays for it, deadline for completion, and what happens to the improvements after the lease ends.

Hello, I’m looking for a licensed contractor to help me with improvements for a 203k limited loan that I just opened escrow with.