You might expect filth and neglect....but not indoor paintball meets psychedelic porn graffiti! 

Rima and I keep people out of trouble with the highly-regulated toxic and hazardous materials - asbestos, lead, VOCs, soil and groundwater contamination, plus indoor air quality and the almost unregulated mold.  

Thus, at 92 outside 72 is the best you can expect indoors.

You need to be tactful in door knocking and approaches.

Every time a renter moved out, it was potentially a couple thousand to paint, replaced kicked-in doors, windows, carpet, etc.

They make every effort to remove any artwork (copyright violation) from the shots and keep it indoors unless you have a very private outdoor area.

They moved from White Rock and bought a really nice place with an indoor pool and a view of the lake - and then the government decided to build a highway bypass above the property right across the street. 

I experiment 🧪 building different indoor hydroponic systems which comes with the pleasure of documenting and watching veggies grow .

All 2 bedroom unitsRents: $600 per doorMarket rents: $1100-1300 per unitRehab budget: $175kOther measures being implemented to increase NOI: Energy efficient LED lighting indoor and outdoor, RUBS, coin laundry, storage units, pet feesProjected rehab time: 6 monthsProjected ARV based on 7 CAP: $1.2mProjected cashflow after cashout refi: $400 per doorDeal#3Cost per unit: $55kRent per unit: $800-850/mo per unitProperty type: 4plex in Cincinnati How we found it: off market through Facebook groupStrategy: 1 year House-hack followed by 5-7 yr hold rentalFinancing: FHA loan 3.5% down @2.375% interest rate2 units owner occupied, 2 units rentedRental income covers all expenses and mortgage costsIf all 4 units are rented, property to cashflow $200-250 per door as-isLearnings:1) Mindset shift Reading Kiyosaki's Rich Dad, Poor Dad and Cashflow quadrant motivated us to - let go of our liabilities and build assets, move from Employee quadrant to Entrepreneur and Investor quadrant and put us on the path to create passive income.  2) Education - We spent a year reading books on real estate investing, listening to podcasts, reading BP forums and analyzing deals.

👃🏼 👃🏼 Have an indoor BBQ!