Thank you for such an in depth update

Wondering when the Market Finder will be updated?

Many nearby multi-unit homes are 100+ years old but seems the going rate is between $500-700k for quads that have been kept up well and updated.

Windows must be a certain size, with the window sill at a specified height, and with ample clearance on the outside to allow escape in case of fire etc.

Do you update your lease annually?

Is there ample parking.  

I was getting $500/mo per bedroom in my 4 bedroom house hack in a Mpls suburb more than 30 years ago.

Quote from @Tiffany Chohfi: 8/14 update: Steven Yoak is not a part of this initial post: he has been instrumental and amazing since I’ve started working with him.

But after this first property I think I want to do new construction since I'll have an ample amount of money and comfortable taking loans out (using OPM) I wanted to know if anyone knew of some good architects I can use for my first project and different hml that are willing to work with first time developers with no prior?

Ide Like to get your thoughts on a property that I came across.7 Unit MF - 2 buildings - side by side.Asking :$478KCurrent rent: all renated $600 ea - month to month market rate rent for 2/1: $900-1100 depending on quality and location(I would guess $900-1000 in this area)info-6 of 7 units - 2 BD/1BA, 7th unit - 1/1-6 of 7 Electric is paid by tenant-#7 Unit is paid by landlord because it is on the same meter as the laundry space-laundry space has broken equipment, i am thinking convert into suite(only Unit with gas - paid by landlord)-water and trash paid by landlord-AC - 5 of 7 are window units; 2 are swamp coolers-ample sized parking area- that is half gravel half dirt(significant signs of ponding)-electric is 3 prong but it looks like 70 AMP units in each unit-foam roofs 11 years old-I walked 2 units - outdated and rough but not horrible I think it will need significant upgrades to get to $900-1000.list-Parking area surfacing-roof resurfaced-mini splits-electric to support-water submettered-electrical amp upgrades-cosmetics to exterior and interior-washer dryer wiring install to all units-I am thinking we'll over $100kThe positives-ability to add a suite in place of poorly run laundry ($700 a month)-all the units have a parking stall that seperates one unit from the other.