I looked at one of the estimators and depending on the condition/upgrades it came out to between $725,000 and $875,000 for a 4000 sq ft 3 family.We have multiple markets for the Dwelling Fire policies and when we change a client from Actual Cash Value (ACV) (depreciated costs) to replacement Cost the limits are what cause the increase. 

Bottom line: Regardless of whether or not you continue to rent to the same tenant, you will want to get the best return on your investment by keeping it in good condition, setting clear screening criteria, and renting at market value.

Plus, you’ll know the condition of your lines.This is a business expense and would qualify as a write-off, of course check with your CPA.

Even with our AWESOME agent, as you can imagine, this search has been difficult given the current market conditions.

For your CapEx, that can depend on the condition of the building you're looking at buying.

So, first step is to get info on the year and condition of homes.

In the revenue ruling, the co-owners employed an agent to manage the apartments on their behalf; the agent collected rents, paid property taxes, insurance premiums, repair and maintenance expenses, and provided the tenants with customary services, such as heat, air conditioning, trash removal, unattended parking, and maintenance of public areas.

I negotiated the financing, secured the permitting, worked through the regulatory process to get the conditional use permit, GC'd some repairs, and operate the company that is the tenant that pays the debt service, taxes, and maintenance.

Improve the condition through renovations.

; what's the condition of the properties; what's his timeline for selling; and what's the least amount he'd accept.