Do you want to sell your diamond ring at a garage sale.....where everyone expects a bargain?...

Not saying it isn't possible but you've truly found a diamond in the rough with a 30% cocr especially as insurance premiums are going through the roof here. 

Because when he finds out you took all of his "valuables", he will ask what you did with all of the gold bars and diamonds he had in the house. 

a) 5 Years is nothing, I'm talking about a lifetime product.b) Changing out a single tile or 2 is ridiculously easy, you apparently have never done it (right). 1) Simply cut around the tile and an X across it with a diamond blade grinder. 2) Chip out tile pieces. 3) Glue in new tile with silicone. 4) Grout with a premix grout (add tint if necessary).

Years of factory sweatshops/piece work sewing women's garments, to diamond cutting throughout high school and after.

As old truism says, "Dig for diamonds in your own back yard."

It is a diamond in the rough, but you need to start looking for a CPA who invest in real estate themselves, and understands the tax code from a real estate perspective.

From there I will look into finding a realtor to find that “diamond in the rough”.

Definitely.Trying to go OOS for your first REI deal is a bit like trying to surf a monster 100 foot wave before you've learned to swim, or trying to ski a double black diamond for your very first run.Fortunately, there are simpler strategies that are much better suited for a first time RE investor (house hacking, specifically).

Minimum investment is 200k or more per deal and must be accredited.We go after larger properties because those under 3 million often do not have the diamond locations and a huge portion of buyers are all cash below 3 million.