However for entry level folk, a note is a lot easier to deal with than rehabs, tenants, and toilets. 

Both bathrooms will need to be remodeled to the extent of replacing shower/bath area, faucets, sink and resurfacing cabinets. 

We'd be happy to look at your property and give you our opinion as to whether or not it makes sense to tear down and rebuild, or remodel.

Just wanted to get some feedback on a potential investment I was looking atFacts: 2 family (4br + 4br) / students / Always rented / 2500 sf of living space, house is in very good condition a great deal of remodeling has occurred in recent years, new kitchens, bathroomsGross rents $3680.00Expenses: taxes (currently $4360.00 + Insurance, water, maint, misc (total $950.00)NOI: $ $32,760.00Debt Service ($176,00 @ 4.25% - 30yrs) $866 / monthly ($10,392.00 / yrly)Net Income $1864.00 / monthly - ($22368.00 / yrly)Cash  invested: $44.000  down + $5,000 closing - $7200 Security deposits = $41,800.00Cash on Cash Return" $22,368 NI / $41,800 cash invested = 54%Gross Rent Multipler ($222,000 / $44,160) = 5.0Cap Rate ($32,760 NOI / $222,000) = 14.9These numbers were provided by the current property owner, I hoping for such insights that I might not be considering, any concerns.Thank you all for any insights, thoughts or concerns.

But could be higher.My plan would be to remodel one unit at a time.

But, it still needed paint in a couple of rooms, 1 new toilet, 1 new light fixture, a shower rod, a new air vent cover, oven drip pans, some miscellaneous repairs and a deep clean.  

I just remodeled my own kitchen, top to bottom, side to side.

I don't make money fixing stuff that needed to be fix during the remodel..  

It is a good fixer upper and will need some work which I can do since i have already remodeled the first two houses we lived in.

I am a general contractor (remodeling ), in Vacaville, Ca.