@Dave Chapa helped me find an awesome HVAC contractor whose responsive quote and guidance made a big difference.And numerous BP folks have educated me on their infinite wisdom of the flat roof.

Thank you for your extensive explanation of holding costs in addition to rehab costs.

I was thinking that this could all be counteracted by just a really low offer with an explanation of all the issues.

The portion of the income that is attributed to the non-IRA (borrowed) capital is viewed as Unrelated Debt Financed Income (UDFI) and subject to taxation.I unfortunately do not have the time for a through explanation of the tax, but for most investors it is of nominal impact in terms of both dollars and percent of returns.   

I have know numerous police officers that have been investors/landlords.

My company manages numerous properties in the area, mostly north of 42nd street, with one being a tri-plex on the 3900 block of Central.

.#3 Look at Numerous PropertiesWhen you start investing in real estate, you don’t have experience finding, buying, rehabbing, and flipping or leasing properties to tenants.

We had a similar incident, where the guy had a bad rap  (maiming, assault with intention to kill, numerous pot charges... and then nothing.. wanna know why?

Thank you for the explanation!

It's really hard to go through the entire explanation in this format.Second, the more money you spend upfront doesn't mean you are improving your cash flow.