Obey TorahBest, Larry Cheshier That’s interesting Larry but the issue becomes interest rates to borrow the money wouldn’t make this a valid choice.

There are two types of return from a rental propertyCash Flow & Appreciation.I normally also aim for a minimum of 8% return between Cash-Flow and Appreciation.Appreication, nationally, is around 2% to 3% annually.Therefore, your goal is to get the cash-flow to be about 5% to 6%.The issue is interest rates being very high, you would therefore, need to buy at a pricepoint where the numbers still make sense.You can always put down more of a downpayment to cash flow, but that will impact your cash on cash return calculations.Best of luck!

But if its not related to that type of water damage, the other questions ask about present tense issues, and not past issues.

Be prepared to face fluctuations in the market, unexpected repairs, and tenant issues.

If you have a self directed IRA there are no tax consequences (but potentially various other issues), otherwise you will be subject to tax at the highest dollar rate as well as penalties if you are under 59.5 

Then there were some issues with the inspection report that ruined 3 contracts prior to me getting involved.

Thanks in advance, IrisHi Iris,I ended up transferring ownership to the LLC and didn't have any issues.

Class midwest issues. 

They refuse to get their payment processor on a call with me and amex to resolve the issue. 

It is hard to respond to this without fully understanding the issue and missing pertinent information such as what market etc.