Nice shape, newer roof, and now that kids have broken in for me - I have gotten to see that it seems to need nothing.

We've done radio (for motivated sellers) on multiple stations in multiple markets and we've never broken even on it.

But so are the expenses (these are furnished, and that stuff gets broken and has to be replaced, you have housekeeping between every guest, you usually have a local manager, and sometimes have to deal with hotel taxes.)

If there is a hole in the floor all we ask for them to do is cover the hole.If there is a broken window all we ask for is that the window is boarded up.

An eviction is planned for next week due to non-payment and an assortment of run-ins with the police.Not sure what the cost will be to get the place cleaned up and back on the market (doors broken in, glass in the oven door shattered, possible drug use), but I do hope to try again and learn from the lessons of this first experience.

New or not so new, stuff gets broken and damaged.

After seeing it for a planning process, I'm absolutely certain that if I tried to change my zoning from sfr/duplex (the current designation) to a triplex designation, I would have to fight my neighbors tooth and toenail.

it was just dirt - so nothing could get broken, stolen or destroyed.

And besides normal wear and tear on the furnishings, things do get broken and they do get out of date.

If I offer 3% then get 3%, I've broken even.