Coons ate my trash that's a good one. ?

Probably similar to the scam when I was selling my dad’s truck for him on Craigslist....they want to send a full price cashier’s check, have their “transport guy” pick up the vehicle, and title.....when the cashiers check turns out be fake, they already have the truck and title.If you sign a rental agreement for 2-3 months, they now have a tenant relationship, and you’d have to go through the eviction process, even though their cashier check was fake....they’d just ate your unit for themselves while you went through the process.

The city engineer probably wants a site plan to determine no encroachment and not on an easement of any kind, I'm very surprised they ate telling you you don't need a permit for a concrete retaining wall, usually under 30" you don't need an engineered wall, but still require permits and an updated survey.

You also need to do an inspection - I had a couple of board horses on my farm and they destroyed my stalls (ate the boards and tore up fences).  

So I bumped the asking price down to the cap rate of that area 7.8% and got a price of $301,538 and made an offer at $300,000.That puts my new price of $300,000, expenses ate 50% ($24,000), vacancies ($5,280), and mortgage ($18,649).

Holding costs (taxes) would have ate into the profit also.

Hello @Rob Gillespie, I don't live near Beaver but In my traveling sprinkler fitter days I spent a lot of time in and around the Pittsburgh area as well as your home state working near Cleveland, Ashtabula (loved it there) and Napoleon at Campbell Soup (never ate canned soup again lol).

While I'm just in the learning phase I have many friends that live and and started their REI in NJ and ate doing well.

We ate out less than a dozen times; I sewed my own maternity clothes; we only left town once (to get a check to mail back to Sallie Mae).

Bottom line being that I bought them with a negative cash flow and with a tremendous amount of equity, but I had a very precise exit strategy in cashing out my equity before the negative cash flow ate my lunch.