We run about 60 units currently which I feel is the perfect size, because we are big enough to partner with Marriott and have enough revenue to have a full staff but small enough to know all of our clients, some on a personal level. 

. - $4,000.00 3) Frame and finish basement - $6,000.00 (with full second bath included will run about $10,000.)4) Painting a property of this size including the finished basement - $2,500.005) Remove and replace all doors (about 10 in this property) with 6 panel hollow doors - $15,000.006) Install HVAC to include Furnace, condenser and ductwork - $7,500 (If the ductwork is already in place we can have a 2.5 ton furnace and condenser installed for $4,000.00(ductwork is the most consuming and labor intensive part of installing a HVAC system)7) Install carpet on second floor(This includes all three bedrooms, hallway and stairs) and basement $2,300.008) Refinish hardwood floor and new color of the stain of for the living room and dining room - $ 900.009) Replace windows with all new energy efficient vinyl windows - $3,000.00I think that's all of the big stuff.

keep in mind when you read BP you have value of portfolio and you have EQUITY big difference.. give me Steve's 1 mil of TRUE equity over 1 mil portfolio or whatever size that has max leverage huge difference on NET cash flow and ability to ride the market if you have a downswing ike we are seeing now those with 80% leverage like so many like to do could find themselves at least for now with ZERO equity and all debt so plan B that is not painful . 

Disclosure:  I have never sold a deal this size.  

I could buy a small size apartment building or a couple of plexes.

Real estate investing is not a one-size-fits-all game.  

Sizing for rooms is square footage times 10 divided by input voltage. 10x10 room 100sqft x 10 = 1000 watts of heat neededEach foot of baseboard heat gives 250 watts. 4' x 250 watts = 1000 wattsI would buy Cadet Heaters or King.

The size of your reserve depends upon your property type and projected expenditures.

Reduce scope/size of the project, in particular as it relates to framing and other aspects of the build that rely on lumber.2.

Investment opportunities come in all shapes and sizes, so it’s important to compare the investments to your specific needs.