Also, you'll likely need more than one property to replace your current income so you need to acquire multiple properties with the least additional capital.Rents follow property prices, with a 2 to 5 year lag.

.- The electrical system is outdated and needs a full replacement.

But no market move can replace the inner readiness that fuels decisive action.Ask yourself: Are you just collecting information, or are you preparing your mindset so that when opportunity knocks, you don’t hesitate?

That basically waives the coinsurance penalty as long as the building is insured to full replacement cost, and in most cases it satisfies the lender’s requirement once they see the policy wording. 

This furniture is going to get lots of use & you do not want to be replacing on a regular basis.

Eventually down the road I'll be replacing cabinets in the kitchen on the main floor, fully update all appliances on each floor and changing the roof from shingle to metal roofing.

- Owners often make the mistake of using the highest comparables - when their units do NOT offer the same amenities, finishes and location perks.2) You PMC may be right in suggesting to wait for the following reasons:- Some tenants always seem to leave after ownership change- Some tenant want to see how good the new management is before deciding to stay or go- We're heading into winter, the WORST season to replace tenants!

Under the Lease agreement, they can still demand that I fulfill the Lease terms and fix the roof, replace the AC, repair the porch, which I will gladly do, but then they lose the Option.

In the process of remodeling a new purchase of 12 units over the next 6-12 months and want to replace all kitchen cabinets.

Roof needs a couple of shingles and will need replacing in a few years - not leaking.