I had one group of tenants who literally stated that exhaling into their stupid bounty blower (look it up) should make it undetectable... again, they were stupid, they got told all of the above and I explained to them that the duration of their lease was their legal and financial responsibility even AFTER eviction and that I would garnish their wages to recoup that IF NEEDED or they could walk their cheech and chong butts out to the sidewalk like they were told to do the day we signed the lease agreement.

It depends on the OAT (Outdoor Air Temperature).

I'm still waiting for the roof to be done and to really get into outdoor work. 

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.

This included adding a video game system (retro PacMan), adding central A/C, rehabbing backyard space to include life-sized outdoor games, grill, firepit & seating.Before hiring the PM, I did a thorough competitive analysis to determine where I could feasibly land revenue-wise if the property was fully maximized to its potential within the existing constraints (location) and with the PM fees. 

I did a quick Google search and found a $200 million project called Glass City Riverwalk "Glass City Riverwalk is expected to become one of the region’s most popular destinations, with year-round outdoor recreation opportunities, including adventure play areas and an ice skating ribbon." 

In Michigan, you have the Great Lakes and a lot of beautiful natural areas and opportunities for outdoor recreation.

That's why I do this quietly and pray for safety because if anyone knew how much I'm projected to earn in my neighborhood, there may be a bounty on my head.

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.

There are also major plans to build restaurants/bars/shops under condos and various parks/outdoor spaces in the Potomac Yard area.