The salt environment of the cost led to rust and now these need to be replaced.  

After *all* expenses, ROI on rent is 3.5% - this excludes any appreciation.A week later, I saw the SAME unit as mine, in the same complex - it was advertised for $50 more monthly rent than mine, so I feel secure in my rental rate being at market. 

I’d love to hear about networking and securing financing creatively… such as co-signs or using a guarantor ?

Price 450,000Cap rate on listing is 13.35%Taxes 15,700Annual Gross rent 81,9008 unit property        4 commercial units (2 restaurants, 1 liquor store, 1 mechanic which uses the garage)        4 residential units (2 units are 1bed/1 bath, other 2 units are 3bed/1bath)The property is right off a main road with the train tracks to the side of it C class neighborhood The property will need renovations, roof was done this yearAll units are rented and have been long time tenants This would have to be a cash deal and was thinking about getting a hard money loan to secure the property and refinance out of it. 

Ask what they do to prevent parties and increase security in general.

And when you secure the listing manage exceptions based on the average days on market.

Hi David,If it were mine, I'd call a local Sherwin-Williams store (as close to the beach as possible) and ask them what they think.Ask them if different brands of their paint perform differently in your environment/climate.Then ask them if that's just a guess or if they have a lot of customers in the time range.Keep in mind this will be for decent paint, not cheapy off brand stuff.Also, being a little more specific with the store people might help, because in some beach neighborhoods it's acceptable to let the homes go to very chalky and even peeling before painting, and in some they need to look new all the time or you will be odd man out with the dumpy house.If you are in a some sort of "Community" with a board, or rules, they might dictate how often you must repaint.Good Luck!

The two greatest lessons we’ve learned are around lending and working with contractors.We anticipated closing escrow and then securing a HELOC for about $250k to complete the renovations.  

IF they blow their security deposit on other things.

I bet if you look at the settlement paperwork from the purchase, there's 4 legal descriptions, 4 APNs, etc, and you actually got a blanked mortgage secured by all 4.