Originally posted by @Bettina F.:At

I know I fund a whole heck of a lot of burned out landlord transactions for my teams in 14 states..

I agree, In my case I won't offer if I see there is a serious foundation problem, under or near high tension power lines, too near a cliff, flooded, burned, drug house, war zone, more than 3,000 sq ft, under 1,000 sq ft, clouded title.

Addressing the problems is like trying to put out small individual fires in a forest that is burning.

In this industry, both sides have been burned.

However, a contractor stopped by to do some other work in the apartment and told us that if he was us, he never would have allowed it, she is parked right by the garage where it charges overnight and he told me that if this Chevy Bolt catches fire our house will burn down and we are liable for car and everything.

.$450K purchase price, 25% down...30 year fixed rate mortgage at 5% on $337,500 is $1,812 per month...So if you have zero vacancy you'll break-even on the mortgage...And then burn money on maintenance, cap-ex (likely very limited), any vacancy, property taxes, insurance, etc.Consequently, you really, really, REALLY need that home price to go up. 

But we have been burned before giving exclusivity and having brokers park our listing with broker making zero effort.We also have seen the issue with numerous brokers local to us, that they do not want to co-broker a deal.

The people who get burned in my experience are the ones who are purchasing houses at every duty station.

He will eventually get burned out and that is when you take advantage of his weekness and suggest you move to buy and hold.