He has already put several thousand dollars in improvements into the property.

I have about 5% equity in it.Goal: get the next 2-4 family .Original plan: improve, raise rents and refinance to 20% equity conventional loan and hopefully get some cash out to use as down payment on next one.I bought a duplex with rents that were waaaay too low and had to finish rehabbing one side.

I'm excited about jumping into a new business, and also improving a city that I love!

Legal plans dramatically increase access to justice, because they dramatically improve the cost-benefit ratio."

Anything about decorating and improvements?

I am often guilty of wanting to over-improve.

They have a smaller pool of potential buyers and they only appreciate based on the ability to improve the cash flow (raise rents). 

When a borrower has a higher FICO score or can improve their score to this level or higher it will generally be better for them to utilize conventional financing rather than FHA financing.

So, as others said check insurance, any kind of home improvement or business license, and look at their work.

After research and plugging in all the numbers I have found that this property,( priced for 152000, closed at 168000 with additional improvement from the builder - projected gross rent of between 1295-1400) has a less than ideal cap rate.