Renovating the amenities, property exterior or units and increasing rents.Syndicators conduct a market research and analyze nearby buildings with similar vintage (age), amenities and renovation level.

I am talking about the local boutique jewelry or clothing shops that their owners work their asses off 7 days/ week.

@Mallikarjun Reddy Pateel as @Andy Eakes stated, you can look at the different OMs for expenses but sometimes those are projections or proformas from a broker vs actual expenses.There are report you can purchase for specific MSAs which have data from apartments by vintage and number of units.All of these should be a guide as the best source would be actual numbers from the seller and then you look for opportunities to improve income and reduce expenses.

Seems pricey for the vintage.

Same goes for other investments such as bonds, fine art, jewelry, collectibles, etc.  

Without a thermal barrier (i.e. drywall) or an intumescent coating to counter flame spread, there's little chance it would meet fire code.  3/4", or possibly, 5/8" may well meet fire code requirements - particularly if treated with an intumescent coating.Old victorian wainscotting (not the faux 5/16" modern stuff) is 3/4" to 1" thick and the wood would be much denser that a modern 3/4" board.  

How can you be an investor and not realize you have to save some of that cash faux for these capex in the future?

PS I have family in Morton, my cousin owns Binkley Jewelry.

I would love to just put down the faux wood ceramic tiles throughout the whole house but have been told I can't lay them over the existing vinyl tile.  

He's Captain of the Morale Suppression Team, but his tax knowledge is extensive.if anyone remembers Joe Gore  when I first got on here he called me out as a FAUX HML  I proceeded to show him over 1000 fundings.. that shut him up.