Quote from @Daniel Kokodoko: Hi BP community,this Brandon, FL (Tampa suburb) deal practically fell on my lap, and I’d love to get a sanity check from experienced investors here — especially around risks I might be overlooking.The propertyZip code: 33510, Brandon, FL Type: 4 bed / 2 bath single-familyCondition: Needs full renovation (roof, windows, flooring, kitchen, bath, electrical, etc.)The numbers:Purchase Price: $100,000 (off-market, cash)Renovation: ~$100,000Total In: $200,000ARV: ~$330,000Refi: $200,000 @ 7% interest-only (after a year)Rent: ~$2,200/mo with 2% annual increase or flatExpenses: ~$8,500/year, growing at 2%    Insurance: ~1900 per year    Property tax: ~3000 per year   Other expenses: ~3600 per yearHold Period: 7 yearsExit Strategy: sell and 1031 Exchange.I'm closing on June 20th, and anticipate renovations to take 2 months or so.

The most frequent and expensive issues include failing septic systems, outdated electrical infrastructure (especially 30-amp service that can’t support modern RVs), and inconsistent water pressure.

The building has foundation issues which was resolved and has warranty and one half of the home does not have electricals with ground.Should i still go for it? 

Additionally, find out whether the existing utilities—water, sewer, electric—can be extended to a second structure, or whether you'll be required to install new, separate lines.

The window sill cannot exceed 44" from the finished floor level• There needs to be a• All apartments and hallways must have interconnected smoke detectors• One of the first floor apartments must be designed as a Type "B" accessible unit and must be on an accessible path• Accessible parking will be required for the buildingThe mechanical/electrical components of the building will need to be evaluated by an engineer to determine if modifications or upgrades will be required.An onsite review of the building may bring up additional issues beyond those mentioned in This is all very common building code requirements when doing multifamily.

I have a tenant in my single-family home who has recently purchased an electric vehicle.

One unit is fully renovated: hardwood floors, updated kitchen/baths, new paint, electrical, furnace, hot water tank, and roof.The other unit needs full rehab: plumbing, furnace, flooring, drywall, paint, kitchen, baths, tank, and misc.We estimate $40K in rehab with an ARV of $250K–$255K.Rent Potential:Market: $1,300–$1,400/unitSection 8: Up to $1,600–$1,700/unitStrong cash flow potential.

One unit is fully renovated: hardwood floors, updated kitchen/baths, new paint, electrical, furnace, hot water tank, and roof.The other unit needs full rehab: plumbing, furnace, flooring, drywall, paint, kitchen, baths, tank, and misc.We estimate $40K in rehab with an ARV of $250K–$255K.Rent Potential:Market: $1,300–$1,400/unitSection 8: Up to $1,600–$1,700/unitStrong cash flow potential.

You might need to add insulation, electrical outlets, or HVAC systems to ensure the room meets building codes.

Quote from @Jon Shilalis: Its something I already offered my guest, I work with photographers, massage, chefs and yoga teachers and people ALWAYS took advantage of it.