Gas is the cheapest and most efficient .

We painted inside and out, refinished the hardwoods, added a high-efficiency roof swamp cooler What was the outcome?

I just bought a duplex in my area, and now that I’m living where i am I’m finding a bunch of multi family’s that look distressed. I know I can go around door knocking to see if the tenants want to give me the landlord...

Large Cap Ex Items Doneregraded and paved driveway and all of parking lotAll new vinyl replacement windowsVinyl siding on both buildingsBuilt: less than 35 years oldGarden Style, 2 Buildings, one is 6 units, one is 8 units(efficiency apartments)I look for 10% 1st year roi based on 25% down and closing costs to buy property.Current Income-90,000 (current owner assumes 15% vacancy rates to be safe)Current Expenses-57,000( 2018)I see a potential for income to be- 95-98,000 within next 18-24 monthsExpenses-I calculated at 51,000 within next 2 years including the below metrics.All trash removal costs, property taxes and insurance costs were factored in as well.10% cap ex11% M and R(turn overs were included in this figure and 1/2 months rent paid to prop. management company for screening new tenants and placing them)6.5% current property managementI calculated my cash flow after paying mortgage and all the expenses was around 5,800$ per year.  

The estimated rehab time is 6 months and once we get it up and running we will just practice efficient management and build our systems out so we can move on to the next property by mid 2020.

They are great and tenants love them too because they are VERY efficient.

Efficient communication and integrity are key.I appreciate it if you provide recommendations based on PERSONAL experience.

Economies of scale will be magnified if the units are in one place, however assuming you want a nicely maintained property you may lose some efficiency in a rehab, this is because many large apartment buildings have a lot of deferred maintenance and have not been taken care of by the seller. 

Lack of Volume: The Landbank is not the only entity with properties, there are a lot of wholesalers like HS Property Funds who have great deals, HUD Homestore lists deals, Fannie Mae Homepath, Freddie Mac Homesteps, you can reach out to other investors etc, many of you will already know how to drum up deals and invest via whichever marketing method or group of marketing methods you like to employ.Lack of Contractors: You have to have a good contractor, even the biggest contractors can only do so much and you need one that understands what it is like to work with the Syracuse code office, understands the market, is efficient, and can get the property within the standards of the Landbank.Bad Property Management: A good property management company can make or break your investment portfolio.

What's the most efficient way to get this done?