The unit does have a gas water heater, gas range, dishwasher, fridge, and two window AC units I provide.

It was in a high demand price range and great school district.

Beautiful houses at 500k range with very few buyers interested.

I’m ideally looking at areas in the $120-$150k range to start.  

Total Cash Invested: $500.00 plus closing fees.Loan Interest Rate: 4.00% This rate is achievable but this is today's rates, but do realize the current market trend and that this is an investment property so I would caution you, I would analyze at 5% as a mid-range.

We will be targeting deals ranging from $1M to $5M in A and B locations.My experience:  10 yrs experience as multifamily broker.  3 years investing in and managing multifamily properties. 

With that being said I like to keep it in the 5 to 7 range. 

The comps of homes that had been renovated in that same area and was sold within the 6 months prior to that ranged from $140k - $160k so I figured that if I got the sale price a little lower, I could potentially have a deal.

I have a few more 1031s coming up as well in the $400K-1.5MM range so we're looking for a GOOD resource long-term who would like to work with us and our clients.

I have found short term cash flowing deals in low ranking areas, but my main goal is medium range appreciation.