There are very few places in Albany where gas is not available, its just a matter of installing it in the building and the demo along the way (usually the worst part).Energy audit may help identify some improvements but they will still be additional investments into the building to fix what they find (not always smart since the tenants are reaping the rewards) and it just comes out of your cash flow which is already very lean.

We planned on getting in and making significant interior and exterior improvements.

If it ends up being close err on the side of putting more money in your clients pockets(selling as an agent) vs. short-term upside for yourself.Also marketing the property it's current condition could help you identify what buyers are looking for in terms of improvements.

48 hr action taken as promisedthis is my first property I have ever analyzed & I dont even know if I have done it correctly, some input of data was guestimated, but I guess practise makes perfect.I wud appreciate any input to improve, feel free to, please keep it simple for me as I am a beginner & am still having to google what the abbreviations mean on most termonolgy.This took me hours and hours, alot of info I am trying to find for my data entry either took me forever to find or u had to pay for the info :-/So a few questions?

Values have gone up a lot but rents have not improved much.

How are you going to pay for improvements? 

Some specifics:*We were required to put down $12k in option deposit monies and also an additional $7500 for security deposit and some improvements.  

The DealProperty DetailsOakley, OH (this place has been exploding the past 5 years)the street is one of the last places in Oakley that hasn't been improved (until now :) last year, one the other end of the same street, a investor bought up 10 lots for $650k (average property values were ~$100k and they are building a 200+ unit luxury apartment complexThere are about 5 of these types of complexes that have been built within that last 5 years (3 in the last year)Any thoughts/feedback on buying rental properties near these massive luxury complexes?

If you have the money and want to improve the property and get better tenants in the property down the road.

I improved my credit scored and even took out money from my 401k for a downpayment.