I think the home is adorable as is, I would spend my rehab dollars on making the inside really great, plus add some landscaping to the outside to cover the foundation.

We've added solar to the whole property, whole house water filtration system, drought tolerant landscaping and tankless water heaters.

This is a start to what brings in the $ and what does not:DO:Kitchen UpdatesBathroom UpdatesAdding BedroomsAdding Bathroomsminor exterior touch upsdeep cleanDO NOTExterior landscape work (pools)Replacing a roofpaintinginstall new wood flooringupdate water heater and HVACSomeone with experience please add, deny, or affirm any of these. 

That being said we are primarily limiting this first property to the Lower Garden District over to Uptown. 

It was clean and "new" looking, had a garden tub and we could make the payments.

Purchase price: $290,000 Cash invested: $33,995 Sale price: $350,000 Light cosmetic rehab, all new landscaping and back patio, all work done with my own crews.

Purchase price: $193,000 Cash invested: $71,743 Sale price: $297,500 Full cosmetic renovation, new windows, new siding, new landscaping, new roofing.

Also the cities always like it when you make public improvements at your own expense which can be a selling point, such as getting service lines buried, off street parking, decorative landscaping etc.

Was curious what the community's thoughts are on condo investing evaluations.While many HOAs are different, I find it to be very common for HOAs to cover landscaping, exterior renos (roofing, siding, etc.).

Base Rent: $22,055                            - CAM : $8,976                           + additional rent: $7,181                       = $20,220 PA                           $1,685 per month                          $12.80 per sqft(1)  additional rent (other then listing the expenses, i'm not sure what the other information is supposed to mean)-Taxes $10,263.97-Insurance: $1,242.00-Common Area Maintenance-- Landscaping $895-- Snowplowing $500 (he has a guy that does this so this number will be very low)(Expenses he didn't list in this estimate was, Propane- $1940, Electric- $1,913, Water/Sewer- $460)Below that info he had this:$1,395                            ________$12,900.97               $12,900.97    x 44.33                      x 55.67__________                  ___________$5,719.00                   $7,181.97Value:A: Edward Jones:    $16,835     Vacant                 $20,220                                  _________                                 $37,005  @ 8% Cap = $463,187B: Entire Building: 3,000 sqft @ $225 psf= $675,000          So as far as i can tell he seems to be offering the building for $463,187 based on an annual income of $37,005 @ 8% CAP.