If the answer is "yes" they will loan you the money, even if you're credit is in the toilet.

All bathrooms will have full bathtubs, toilet, and bathroom sink and bathroom fixtures.

Sounds like squatting plus paying taxes.

In my area they are normally hard money lenders in the present day, but they started their real estate careers in the 1980's when the market was in the toilet.

I talk to hundreds of investors every year who: [list]Have been thinking about investing Have been reading about investing Have a friend who had done well investing (The elusive friend) Are saving for a down payment Waiting for rates to go down Waiting to finish their real estate course Waiting for their mentor to tell them to buy Waiting for summer (insert any season) Waiting for the market to straighten out Waiting till they can afford it Waiting till they get a promotion Waiting till their friend or relative can partner with them Trying to read just one more book Waiting till they buy their own house Waiting till they get a raise Waiting to graduate from college Waiting till their friend or family member becomes a realtor Waiting to be married Waiting till they contribute their maximum to a 401k Waiting till they get done working on their own home [/list:u]Then after giving me their excuse for waiting they ask [list]What happens if the toilet gets clogged?

The downside is that while they're unoccupied (especially during renovations), you have people squatting in them (to live, or to go to the bathroom), and people will vandalize them for fun, and eventually they'll steal the copper out of the walls, as well as anything that has any kind of value.

Gottadoadealitis is a very bad brain fever that causes smart people to take thousands of their hard earned dollars and promptly flush them down the toilet.

I videotape cabinet doors/drawers opening and closing, toilet flushing, faucets on and off, light switch on/off, doors opening/closing, walls, ceiling, light fixtures, flooring, exteriors, front/back yards, front door, garage, Tenant's automobile(s) including license plates, etc.

Toilet $200 (nice toilet)Vanity $400Top $150Faucet $1002 piece shower/tub unit $300Faucet for shower $150Flooring Vinyl $1/sqft1/4" flooring .50/sqftDrywall for around the shower $70Material for framing $50Plumbing material $300-$400All in all you could redo a bathroom, without doing your own work for roughly $3000 if you are smart about it.

if not - see about submeteroring, increasing rents and going from there.SFH rentals are good though if you are a good landlord and not a scumbag who lets the properties go to the toilet.