Additional ways to gauge value or whether to sell: cap rates gross rent multipliers comparable sales of similar triplex's fourplexes sales price per unit 1% or 2% rule on comparable properties or alternatives and more...

The bookkeeping for these should not be too difficult.

95,000 + 30,000 = 125,000 all in tog et rent ready.Let's be conservative and use 700. 700 X 2 = 1,400 a month X 12 = 16,800 gross income potential.16,800 X .40 (60% costs) = 6,720 NOIAt a 10 cap this is worth 67,200 sales price.

@Leah Matthews Welcome to BP - it's refreshing to hear you're new investors yet have managed to purchased two rentals in a seemingly difficult area.

Love Geleen too, the better part of the Netherlands :-)I use initial qualitative checklists and quantitative calculations (cap rate).

This is a great trend to see as it creates renewed interest in more difficult neighborhoods and revives communities.Is this happening in other areas across the country?

I'd have a monthly Operations and Cap Ex budget of at least $150.

I hope to eventually convert all units to $1000 monthly for a decent 12% cap rate.

If there isn't anything about a deed restriction, like not being able to resell for 30, 60, or 90 (or sometimes more) days then you can probably double close without any issues.If there is a restriction then you can still usually sell it just for some capped amount (I think usually 20%) more than you paid.If you can carry it then you can also wait out the restriction as well.This should be fairly explicit in the documents and if not then there shouldn't be any issues double closing.

Finding good, reliable contractors was difficult, but the good news is they all know each other, so once you find a couple that you know do quality work, show up on time, finish the job, and have competitive prices, they can point you to other people they have worked with in the past.