It is also because I maintain quality communication with my tenants and routinely do drive-bys of my properties, especially after snowstorms.

A real gem.I now want to work on my passive income so I can leave my soul sucking factory job to persue other business ventures.I’m in a good position to have this work out well either way I choose to proceed but I’m looking for some advice from those of you who have been in the game for a while.

Being built in 1900 isn't itself concerning because properties are routinely maintained through the years and through the owners.

Ovens and multiple burners running together eat up a lot of power, You don't want that power running through a cord with insulation flaking off and a couple of nicks in it from routinely moving the range out of place to clean behind it.I realize that appliances costs money to replace.

But I’ve always let the accountants work out those figures until I started investing in real estate 10 years ago.  

Hello all, I am a Multifamily Broker in New Mexico and work out of Albuquerque.

@Richard Goore This is a good topic...I do these pretty routinely from the buyer side.

The one thing I see routinely across "young" investors is they don't have a concrete plan founded on fundamental concepts...there are 1,000 ways to make money in this industry...and a variation of each of those.One piece of advice would be to learn OKR's...build this into the framework of your business...there is a learning curve, but you guys will pick up fast.Best of luck! 

Youll start rehab and work out the details of the escrow and getting the 30k out.

I routinly see 2 to 4 on huds..