Even when they overflowed the toilet

By those numbers it could be a good flip or a decent rental if you did less work to make it rent ready.Just making sure im not overthinking it and missing something, just seems like this type of deal is a myth these days.. so my guard immediately went up.. because its like a 1.5x deal if it pans out when i got to view it today.

I immediately suspected an issue with one or more old toilets with brass innards, and my plumber confirmed that two were quietly trickling water down the bowl.

Normally, in buildings that we have maintained for a while, I wouldn't expect, in one property, to have more than half the toilets with broken seals at a given time because we repair them as soon as we get a report of a toilet rocking.

And he was putting a lot of time and energy into underwriting and he rushed on a recent HUD deal I was going to bid on (that never panned out).

__________This toilet right here needs no caption.

Goodman has a reputation for cheap parts, and American Standard I'm only familiar with building toilets.

@mau pan not sure how the laws work in pa but in Georgia you legally own the property the day of the foreclosure auction even though it can take several weeks or even months for the attorney to prepare and record the deed.So I always immediately get insurance, put utilities in my name and if it's vacant, get physical control and change the locks.Regarding the possibility of leaks, I always ask the water company to put service in my name, unlock the meter but leave it turned off at the meter.You can the turn it on yourself with a curb-key or a decent pair of pliers.

I have bathrooms setup with basics (toilet paper, nice towels, soap, etc).

Why not just invest in the stock market via an low expense S&P 500 Index Fund, which since inception has a CAGR of 9.5% and includes  no hassles, no tenants, and no toilets.