Third, it will be cost prohibitive bc you would need to upgrade the building to current codes including but not limited to: ADA compliance (think elevator), fire escape front and rear of building, and sprinkler system.You can however, investigate 2 other options.

To give you a for instance, I'm in the due diligence process of on a small 7 unit C Class strip mall, that needs some work and upgrades but overall in good shape with long term tenants that's cash flowing.

I just upgraded to the Pro account because it is time to take my investing/business to the next level.

what is the current rent roll, what will it be once you upgrade the property?

The house needs some upgrades and minor repairs. - Checked with a private lender but they want me to carry the loan for 6 months.

I couldn't tell from your financials whether you were planning to use both sides of the duplex as an ALF, or live on one side and run the ALF from the other.Also, it appears you're projecting to pay pretty close to ARV, and then put in another $10K in repairs/upgrades.

We are adding value in small ways as opposed to a full rehab by upgrading things in the kitchen and bathroom.

Have the house painted, do some upgrades, etc.

I highly recommend upgrading if those features sound useful to you, they typically offer a promo code at the end of every webinar.

Sub-metering may not be worth the aggravation & may require upgrading the service panel sizing & the need to run 110/240v wiring through the walls complete with thermostats.We stole a 'depressed' 6 unit passed over by many because of the 'LL pays heat' negative.