@Ryan TerwilligerI have not had good luck doing upgrades and getting the money back unless the house is extremely out of relation to the comps.

So mind as well get the process started early on.One other thought about these situations in general: I’ve notice that many landlords often like to go to extremes when it comes to dealing with tenants.

If your homes a condo, then it's a different story because the condo market down here is extremely saturated right now.

They say in real estate is location, location, location but in Frostburg its insulate, insulate, insulate... it gets cold there! 

BTW, two of them have since bought properties in Tulsa and are doing extremely well.

Jaime this is normal, a little cold feet before making a decision like this is to be expected. as long as you are sure of your numbers and they make sense you should be fine. from your math you will be spending $19 a sqft for the rehab?

I like to show how important the "compounding" effect is to money, and how only in REI can you truly "compound" your initial cash investment...without ever spending it.I start it off by having my audience write down this sequence of numbers:  "1073741824"...twice, and then tell them "we'll come back to them later".I found that just giving my audience, whoever they are, the cold numbers at the end, down't have the same impact as walking them through the process...using animation, but I don't know if this would apply to you.  

We attended a couple of meetings and found everyone to be very helpful, and willing to answer our questions, before we joined.Victor Jernagin, who's the President of this group, is extremely knowledgeable about all aspects of real estate investing, and overly generous with his time in helping members.Every meeting we've attended we've learned several  useful bits of information, along with the networking that's available at the meetings, makes this one of the best investments we've made in our journey to becoming successfully in real estate investing.I think as with most things, what we get out of something, is directly tied to how much effort we put forth.So, I'm sure if you're motivated, you'll be happy you decided to join us.

I find that all of these are extremely important as a bad tenant can be very costly.

I've spoken with attorneys and architects about rezoning and all are extremely positive since the property is surrounded by commercial and office zoning and this parcel has been a long time coming.