I only did this because my tenant told me not to worry about replacing anything since they barely use it.

Or just do bare minimum to sell below comps so buyers would look past the ugly facade?

I think I would only do this for a rental if the tub was something like pink or blue or green.

I could barely spend the 1 hour open house time we did for them.The buyer @ $144,500 was a divorced, retired 65 yr old GM worker with a 2 pack a day habit.

It wasn't in that bad of shape when we bought it, but it did need a lot of tlc, the former owners lost it in foreclosure and it looked as if they had been just doing the bare minimum in upkeep for a while.

I would escrow taxes and ins. which make the monthly payment about $730.Gross rents are 1580Property manager - $158 (10%)With half vacancy rents are only $790, which would barely cover the mortgage.Im I looking at this wrong???

That $35K home is barely above junk, so the $60K MH that would hold up is almost never on the market.

Is he taking the cash-out from his rental to pay down the primary residence so that he could barely qualify for an FHA refinance?

Now that I got you to open this post shows my pink mailers work.

Strangely enough, I love my job and it pays the bills (barely) but I've come to realize that it's not going to make me wealthy.So I'm looking to learn a lot (more) from this site to discover what my niche might be in REI (wholesaling, rehab/flipping, buy & hold, etc) with my current limited resources.