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This was one of my own deals. When I bought the building, it had a tenant who needed to be evicted with big nasty dogs. We ended up paying him $2500 to leave, as did not want for an eviction.

I was the buyers agent on this deal. It was listed at $900,000 and all of the current rents were roughly 30% below market rate rental comps we ran for the direct area so we saw nice upside. Sales comps also put the building closer to 1 to 1.1 million for similar brick legal 4 units. So when sellers called best and highest we advised our buyer to go well over ask at $945,000 and to use strong terms such as AS-IS and a 1 month close. We won and the property ended up appraising

Goes to show the long term compounding when you are a patient real estate investor. My client bought this property for only $51k back in the late 90s and last week we sold it for $1.14 million, yes 2700% over the original purchase price! The property had not had much work done for over 20 years and was rented out to easy going class A tenants the majority of its life. I always tell my clients to focus on the long term view rather then the day 1 return, buy things in good grow

Thought this would be a fun post. Here is a list I created. This is targeted more towards beginner investors so I left out the advanced/high cost strategies. Feel free to add to the list with any of your own tips. Happy investing everyone!