Purchase price: $129,900 Investor Renovation Summary – 1748 Benning StreetExterior Improvements➤ New architectural shingle roof; porch painted gray➤ Painted posts/rails, new light fixtures & mailbox➤ Landscaping: mulch beds, timbers replaced, brick cleaned/repaired➤ Security bars/gates removed; exterior doors replaced with smart locksInterior Renovation➤ Full interior paint (gray walls), trim repair, paneling replaced➤ All blinds, window locks, and interior doors updated➤ New LED lighting, smoke & CO detectors, doorbell, HVAC ventsKitchen & Bath Updates➤ Cabinets painted/repaired; new counters, sink, vent hood➤ New stackable washer hookup & 220 outlet➤ Full bathroom remodel: tub, tile, vanity, toilet, exhaust fanMechanical & Final Touches➤ New HVAC system; attic ladder & drywall repairs➤ Water heater evaluated; deep clean completedStatus: Fully updated, turnkey-ready, ideal for rental or resale

Purchase price: $129,900 Investor Renovation Summary – 1748 Benning StreetExterior Improvements➤ New architectural shingle roof; porch painted gray➤ Painted posts/rails, new light fixtures & mailbox➤ Landscaping: mulch beds, timbers replaced, brick cleaned/repaired➤ Security bars/gates removed; exterior doors replaced with smart locksInterior Renovation➤ Full interior paint (gray walls), trim repair, paneling replaced➤ All blinds, window locks, and interior doors updated➤ New LED lighting, smoke & CO detectors, doorbell, HVAC ventsKitchen & Bath Updates➤ Cabinets painted/repaired; new counters, sink, vent hood➤ New stackable washer hookup & 220 outlet➤ Full bathroom remodel: tub, tile, vanity, toilet, exhaust fanMechanical & Final Touches➤ New HVAC system; attic ladder & drywall repairs➤ Water heater evaluated; deep clean completedStatus: Fully updated, turnkey-ready, ideal for rental or resale

I’m mainly worried about sinking 5-6k into it on land clearing and then the old HOA members saying they still have a right of use.

The resulting damage required repairs costing over $3,500.Sewer Line Replacement: During the shower remodel, broken tile pieces and debris from the GC’s work were found clogging the sewer line, necessitating a complete replacement at a cost of over $3,900.Additional Issues: Poor workmanship also led to defective toilet installation and a leaking kitchen sink, further increasing repair expenses.In total, the GC’s negligence has cost me over $10,000 in repairs and corrective work, in addition to the original rehabilitation costs.

Water/sewer backup coverage, which only comes into play when the water/sewer lines backup into your tub, shower, sinks, toilets, and it flows out and damages the home. 

In their system, it looked like no one had been paying since he died.Let that sink in.I’d been sending money every month for nearly two years, and the mortgage was still considered delinquent.Enter Panic ModeThat moment wrecked me.

I own a unit on the second floor. 5 days ago, my tenant apparently left the kitchen sink on and caused flooding.

Which is true.The question really comes down to the opportunity costs of sinking that money into additional payments.  

Let that sink in.

The size of the building would mean that if something goes wrong in the deal, the ship would sink fast. 12 units is also heavy for a first timer.