Property is 1,148sqft, 3bed, 2bath, family/living room, kitchen/laundry.Work that i would like to do:- brand new kitchen- 2 brand new baths- all cosmetics brand new- some if not all windows need to be replaced- convert from wall furnace to central A/C and heat- raising ceiling from 8' to 9' - new roof- want brand new modern exterior look- landscaping and maybe a new driveway- water/drainage/gas piping condition unknown.  

. $1,305.65 monthly payment.Four 2bed 1 bath units currently rented at ~$750/month, researching rents supports charging $1,000 month rents.Total Annual expenses: $3,920 Tax (actual), $1,000 (insurance), $1200 water (actual), $800 trash (actual), Capex/reserves $2,400 or $9,360 annual expenses. $9,360+ $15,667 = $25,027.Gross Rent- Gross annual expenses ($36,000-$25,027= $10,972)CoC= $10,972/$100,000= 10.97% on current rents or 22.97% at marketMy goal is to get the rents to market.

If a tenant runs the water 24/7 might as well sign a blank check.

I was doing some searching of my own to dig more into this and saw that they listed 4 units could be up to $1,472,500, but that there was no limit for single family homes with the new blue water navy act.

Maybe 25% of the usual inquiry amount and I usually hold open houses, but can't do that now, so I don't know how it would have compared.I've had no problem with my usual contractors coming in to work solo to clean the carpets or get the hot water heater replace.For rent day, it was all the same.

Upon taking down drywall we found a lot of water damage and many framing issues that are against current code standards - headers and floor joists had to be replaced, the back of the house had to be jacked up 2 inches across a 40 yard span.

Upon taking down drywall we found a lot of water damage and many framing issues that are against current code standards - headers and floor joists had to be replaced, the back of the house had to be jacked up 2 inches across a 40 yard span.

As long as you have a mortgage that doesn't put you under water, you should be able to hold on to property forever.

The sewer and water lines from the street to the house may be old and needed to be replaced.

I was looking for the answers on the Philadelphia Water Department Website but I am confused about what the minimum requirements are that will allow myself and my developers to benefit from the 25% density unit bonus.