These issues consisted of: Adding a pergola and built in barbeque grill to the swimming pool areaResurfacing and restriping parking lotInstalling three French drains to solve a water draining issueBuild maintenance shopRepair retaining wall along east side of propertyThe interiors are in good shape, but to get the rental increases we needed to take the property from 2005 to 2019.

3) the hole builder told me they had to build a retaining wall splitting my back yard in half.

Right now, I am currently deciding whether to invest out of state or in my backyard, Cincinnati. 

To me it seems like a great idea as you will always have a large pool of renters and as the school gets bigger and bigger I would assume the demand to be close to campus would increase as well as an increase in property value.Thanks for all the future advice!

That said, you really need to be careful about any pooling of funds or collective investment schemes.  

The general partners pool funded from one or multiple limited partners (aka passive investors) in order to acquiring real estate (typically multifamily) and share in the profits.

I'm about 80% ready to go but want to know your thoughts on whether or not it's a good deal.Price: $45kRehab: $3-5kRent est: $600-700Cap rate: 7-8.5, depending on rentThe house is a 2BR, 1BA in a nice neighborhood with low crime, has a garage and a backyard.

Hi Mehgan,Condos do appreciate but just not at the same rate as SFRs and have a lower buyer pool. 

Update to 1 open area with changing rooms and possibly a sauna as well etc.Lease out club room, currently a room with a couch and a tv to a Juice bar or coffee company.Update Game room to more than a pool table and TV, place furniture from club room into game room. or update to a business center with public use PC's, Printer/ Copy/ Fax machines.Reevaluate Property value with bank to pay back initial invested amount with a previously agreed amount of interest and % ownershipProfit?

Great rental pool as expected.