How to Increase profit and decrease expenses?

[Abou C.]

If you owned a great 2-4 unit property in a well located area B/C how would I increase profit/cash-flow and decrease expenses.  Through your experiences what have you done to control and stabilize both issues?. 

[Elizabeth Colegrove]

Is the area or the united B/C? We buy the nicest single family in the shittest neighborhoods. I find that location is really important. That "designer" isn't require. Macy level is the happy medium between profits and expenses.

Deal Breakers I have found are 

• Location
• Cleaniless Internally
• Curb appeal (cleanness, landscaping (fancy not required just clean up)
• No Carpets, tile, laminate, hardwood
• Fresh paint
• Updated (again doesn't have to be perfect but the right paint and flowing can bring anything up to date even with a blue tub) Paint can bring the cabinets into this decade
• Working/Funcitonal/No appearance of issues (cracks, filled in, etc)
• One step up (garbage disposal, dishwasher, automatic garage door), etc
• Updated hardware (kitchen, light fixtures, etc, spray paint can work great)

Some bonus if cheap, I would also put in. Just helps you unit look nice

• granite
• black appliances (best if they don't look like they are 20 years old, stove especially)
• back splash, updated 

Best of luck