This one will get a full cosmetic rehab including tearing down interior walls, adding an additional bedroom within the existing living space, re-piping with pex, new roof, HVAC, and exterior stucco.

I'm looking to invest in one that has 15 spaces 2 are rented.

While I was working on a construction project for a non-profit developer I was offered a project management position with them and I jumped as they are pretty active in the real estate space in my area.

The changes we made included adding a 2nd bathroom by carving out space in one of the bedrooms and converting the family room to a 4th bedroom by adding a closet.  

I created a "sacred space" as it were, with calming music, candlelight, hot tea, etc... and for 1hour/week I listened through 1CD.

Unless the space has already been setup for each unit in the rooms, I would just build a laundry room coin operation somewhere in the building.Your business will be built on the college season, if you don't book all the rooms while students are preparing to attend college that season, you wont book it till the following season.

I have heard that an elected official will never go against the will of the people (which is generally to let people rent their space to who they want to) but that the lobbyists earn their money in the fine print.

However, yesterday, I went with my realtor to see the property and when I opened the crawl space there was water inside and it was dripping from the flooring in the kitchen.

Here in Calif, 16-units REQUIRE BY LAW a resident manager - - check your State requirements.You could operate 15 units as rentals and use the last as office / utility space and avoid the manager issue, but at 75 minute drive, I would think you would want a PM.

If it is 10 days or more, you are placing your self in the same space as a retail buyer.