This would expose you to liability or possibly having to unexpectedly buy him out to pay off his judgment creditor.

My unit does not have its own meter and has a breaker box with most of the outlets and lights within my unit, but no access to the main breaker.

From ceilings fans, dishwashers, HVAC units, electrical outlets, and basically everything under the roof, I highly recommend it.I hope this was helpful,@Charles Kennedy

@Robert FreebornFirst year:Real Estate Course: $420 (Rockwell), there are cheaper schools out there.Written Test: $125Finger Prints: $30Realtor's Union dues: $620 (Optional depending on Brokerage)NWMLS dues: $480Supra: $75 activation + $15 a month = $255Office fees: $65 a month or $780 (Will vary depending on Brokerage and Model)Total: $2,710 Additional Cost:Signs: This will vary depending on Brokerage and if you are on a team or notBusiness Cards: Depends on what you wantEvery two years after that you will have a certain amount of CE that you have to accomplish, but if you take advantage of free education hours put on by Title Companies and other outlets, you can reduce your cost. *** Fact ***If you sell one house a year, it pays for itself...

Reserves of 4 to 6 months depending on the size of holding is something that would be a good idea,, you never know when a eviction, turn cost, or unexpected repair is going to be a cost issue.. and new landlords aren't usually prepared for them.

We go to either the Outlet for scratch and dent, or buy used for super discounts, depends on our timeframe for replacement.

Couple of ways to improve the accuracy of your numbers:Consider adding vacancy as a % (typically 5-10%) because it's impossible to keep all unit 100% rentedNeed to add CapEx for your future big costs (roof, HVAC, etc)Considering adding a reserve for any other unexpected expenses.Keep up the good work!

Use the same filters and barriers you would use if approached by a salesperson in a car dealership or the appliance section of a retail outlet.2.

Make sure you have enough of a reserve to account for unexpected expenses such as vacancy and major repairs.

Flipping without experience is risky as you can easily overlook tricky issues and end up with large unexpected expenses (asbestos removal, foundation issues, mold...)That said, if I was to start today, I would look at reasonably priced duplex or SFRs with MIL potential.