Send a Formal Written Warning**A phone call is easy to ignore or "forget."

The B-class with light value-add can work well too, but managing renovations and updates from abroad adds complexity and risk early on.

So, you are warning the community about one set of individuals who have a disagreement with another individual.What is your REI background? 

While not a game‑changer on its own, the data was enough to nudge rates higher in an already low‑liquidity, headline‑sensitive environment.Adding to the tone, Treasury Secretary Scott Bessent testified before Congress, emphasizing continued support for a strong‑dollar policy, warning against over‑regulation of the financial system, and defending the administration’s view that the economy remains on solid footing.

PLUMBING — SUPPLY LINESRemove all accessible galvanized supply lines in basementInstall PEX trunk and branch system to each unitNew main shutoff and individual unit shutoffs (label by unit)Proper supports, labeling, and pressure testNo in-wall work unless absolutely necessaryPLUMBING — DRAINSReplace all horizontal cast-iron drain lines in basement with PVCReplace only visibly failed vertical sectionsAdd minimum one accessible cleanoutCheck all vent stacks in atticInsulate exposed vent stacks as neededTie into existing stack and sewer lateralELECTRICALRemove abandoned/exposed knob & tube in basement and attic onlySecure open junction boxes, cap unused wiresPanel tighten, label, safety checkReplace unsafe breakers if found (no panel replacement unless quoted separately)Install basic LED pull-chain or strip lighting in basement common areasWATER MANAGEMENTSeal visible foundation penetrations and cracks (interior)Improve grading where soil slopes toward foundationAdd/extend downspouts to discharge away from structureI suggest doing a renovation of the units individually to achieve the targeted monthly cash flow and appreciation. 

They will confidently quote you a Fannie/Freddie rate, and you will think you've beat the system—that you're smarter than the real estate agent who warned you over and over about this very situation.All of your hard work means NOTHING if the lender cannot qualify the building for financing, so take my advice UP FRONT: Use a local Florida lender who already understands our condo financing market and who knows how to do the due diligence required to greenlight the funding.Ignore this advice and here's what could happen:—Closing will be delayed.

Waller strongly disagreed with that change, warning that labor-market deterioration remains a real risk.What’s the bottom line?

Properties were turnkey or light cosmetic at purchase.We already have a local PM in place for this client, but always good to see experienced MI operators active here — especially for investors comparing setups across markets. 

Louis CountyStrategy: Light Value-Add via Rent StabilizationAsking Price: $1,130,000💵 Upside at a GlanceIn-place average rent: ~$1,070Market rent: ~$1,295Rent upside: ~$225/unit/monthTotal annual rent upside: ~$21,600+🔧 Turnover Assumptions (Conservative)2 units require standard turnoverBudget: ~$8,000 per unitTotal capital estimate: $16,000Covers paint, flooring, light kitchen/bath refresh, and make-ready📈 Stabilized PerformanceEstimated Stabilized NOI: ~$102,700Stabilized Value (7.25%–7.0% cap): ~$1.40M – $1.45MNet Forced Equity (after turns): ~$275K – $325K📍 Why Affton, MOAffton is a highly stable South County submarket known for strong tenant demand, limited new multifamily supply, and proximity to major employment corridors.

Things like awkward access, poor light, low ceilings, parking pain, or shared spaces aren’t minor quirks.