It’s two agreements — a lease and a separate option contract.

I'm not aware of a cap though if there is one.Breakdown:- 7 invoices total and they're all unique for each part of reno (separate invoice for flooring, shower tile, demo, etc).- I'm using the total amount for each invoice and the highest one is $2,500.

A few things I’ve been noticing in today’s market: Speed matters more than ever  first to meaningful contact often wins.Consistent follow-up converts more deals than aggressive negotiating.Data + personalization beats generic outreach.Investors who separate marketing from acquisitions tend to scale faster.  

Stabilized asset with 100% occupancy, 8.97% going‑in cap rate, separately metered utilities, and major CapEx completed by prior ownership.

Would love to get info, insight, help, or whatever to kind of make it a little less stressful and knowledgeable.I live in NJ so like the others - separate investment vs home purchase.

Although they are already within a 72 hour window for Notice to Cure for nonpayment, but these issues are separate, more severe and immediate.

I keep everything in separate accounts, so I just need to categorize expenses and create P&L (important to get mortgages).

The property has four separate units with separate entrances, each occupied by a tenant.

Hey BP community,I’m a NYC-based investor (currently own in the Bronx) looking to expand into Philadelphia for stronger cash flow and long-term scaling.My goal is to build to ~$10k/month in net cash flow over the next 5–7 years by acquiring 3–4 unit properties with value-add potential and refinancing within 2–3 years.I’m not looking for turnkey retail deals — I’m specifically targeting repositioning opportunities.What I’m Looking For:• 3–4 unit properties (triplex or quad preferred)• $400k–$575k purchase range• Target 8–9% true cap rate• 15%+ cash-on-cash return• $1,400+ net monthly cash flow after stabilizationValue-Add Focus:• Add a bedroom to increase rents• Separate utilities (gas/electric)• Reduce landlord-paid heat• Finish or legalize usable basement space• Raise under-market rents• Minor cosmetic upgrades (not full gut rehab)I’m willing to self-manage initially to improve yield and learn the submarkets properly.I’m currently evaluating:• West Philly (near universities/medical)• Select Temple-adjacent blocks• Kingsessing / Southwest• Manayunk / Roxborough (if numbers justify)Would love to connect with:• Local Philly investors actively doing small multi value-add• Contractors experienced in bedroom conversions / meter separation• Property managers with strong eviction handling process• Anyone who has successfully scaled 3–4 units in PhillyI’m serious, capital ready, and looking to build relationships long-term — not just close one deal.Happy to DM and exchange numbers.Appreciate any insights from operators on the ground.CharlieDM me for my number let's connect. 

I track major systems separately from property management software.