If there was already warping then perhaps there was an ongoing leak right from the start.

However it has to bring value enough to get people to pay on an ongoing basis.

Seller did a lot of replace cap ex versus ongoing repairs.

Is the bankruptcy still on going or has it been dismissed by the bankruptcy court?

You are getting crushed now by upfront MIP and ongoing annual MIP.FHA came on strong when conventional loans took an absolute beating with the 80/20 loans ZERO DOWN.

I too was planning on going to law school this comming fall.

I plan on going the section 8 route with the condo as I have done with the duplex.

On the bright side of things, this duplex I own has seen 18% appreciation year after year for the past 3 years, and I'm only hoping it will keep on going up as the city is develloping at a crazy rate, they just built a new subway and i am between 2 stations, theyres a university that's building right next, etc

Some of the other factors include your tolerance for risk, your investment goals, your available capital and time, equity, current vacancy, and repairs needed.Is a 15% Return On Investment (ROI) sufficient for you if its a solid commercial tenant that will be there for the next 5 years and you don't have to worry about putting any on-going time or money into the management or upkeep of the property?

Even though there is the ongoing debacle about scams and scammer rings, it is still a high traffic place that could lead to some leads.