I currently live in my 2flats basement.... its small, and far from glamorous, but it allows me to rent the 2 higher grossing units out.Where does your concern of "messing up" the rehab stem from?

It stems from actually putting money aside for future expenses.My new question is what are you guys doing with this money?

As I understand it, and again, I'm not an attorney, the landlord is not obligated to pay for the tenant's property in the event of a loss stemming from the property - so long as the cause of the loss is not as a result of the landlord's actions (or inaction).

I'm comfortable navigating those rules.The over analysis above stems from only having four multi-family properties in production to-date and being concerned this will be seen as not enough experience.In the end, the numbers will speak for themselves.

It's more than likely due to Asset Quality problems stemming from loan problems.

Some of life's greatest enjoyments and most of life's greatest disappointments stem from your decisions about money.

Alot of times they will use galvanized pipes to go from the meter to the house, and where it connects to the house, usually threw the stem walls between your basement and you floor on the main level, it will leak right there.

@Hau Nguyen - Help me understand the numbers - you say Gross Rent's are $1,900/mo then you state your operating income is $1,620/mo - where's the $280 decrease stem from? 

-Ford only plans to reduce their sedan lines in the US due to domestic lack of demand stemming from the US consumer's preferences for trucks and light duty vehicles (SUVs and crossovers).

It presents as an area of high growth/job inflow in STEM fields (educated workforce) at a relatively low cost (especially compared to CA) where cash flow is achievable.