With on market deals like this, there are two scenarios: 1) you see something that no one else sees OR 2) everyone else sees something you don't

No regulations restrictions, low average vacancy rate.

No kidding.. each Jurisdiction is unique..

It's no guarantee but it's a good place to start.

I can update flooring or touch up the kitchen, but no roof, plumbing, HVAC renovations.

I think you save money by using a good accounting program-no matter which one--because you have instrumentation to watch your income and expenses and because you're less likely to lose deductions.

We pride ourselves in keeping the forums positive, helpful, and focused on real estate (please, no politics, religion, etc.).

@Daniel Cisneros No i didn't sign up with him.

That property looks fantastic actually, I think sorting out the budget would be our biggest challenge.

We are so new to this and have no experience.