Is there a value add component or these are market ready?

Does not cashflow great as my other long-term buy and holds but got some build in equity off the deal and property is located in a desirable location making it a great component to my overall portfolio.

🤷‍♂️Love this post and what Scotty posted.Congrats on your success thus far.As much as I love real estate and business it never is passive and never will be totally passive unfortunately.There is always a risk component involved and a reliance on someone.There will always be that gut wrenching phone call that makes the stomach turn.It all come's down to how much is enough for someone to live a happy life.I unofficially retired at 28 and am back chasing now at 36.Parents and family are getting older and have a huge will and in a way pressure to retire my old man.A beautiful person and father.I've checked off mum and uncle from the list hahaFew more to go lolI am and always will be a "real estate guy" per se but a few years ago I asked myself this question:"How can I get the highest possible return, with the least amount of risk, without doing any work and without involving anyone else?"

Investing in real estate to build wealth has several key components, including, yes, anticipated appreciation above the level of inflation (many people who should know better often confuse the two) over an anticipated holding period of at least 10-15 years, a value-add strategy (this is important but often overlooked), mortgage paydown (a kind of money market account) and, yes, cash from rents. 

Love your post - most people forget how important the MINDSET component is to achieving goals and doing the impossible

The condition of the property along with photos establish the starting point - along with the age of the components (AC, roof, water heater). 

I'm definitely very interested in the appreciation component that's a great play for scaling quickly with the equity built up.

Or is that an individualized component of your loan terms?

end of the day PM is the most critical component.. there are a few folks our there that have put up some pretty horrific type transactions that's morris / oceanpointe based on BP feedback so make sure you don't fall into that trap.Other wise this should be no different than running to your local broker and buying any other property 5 minutes from where you live.. 

There is also the loan component.