That is a question for a contractor to actually look at the chimney and see what condition it is in and whether the house is stable enough for it to be removed.

Still in the early stages of conversation but got some beginning information and wanted to see if this was worth pursing:Asking Price: $550,000 (I already assumed that was too high, trying to figure out a reasonable price to offer)Income: $4000 a month (believe there is potential for rent increase (waiting on specifics of each unit))Expenses: $900 a month (Water, Garbage, Taxes, Insurance, Maintenance, Pest, & Septic) Self- ManagedNOI: $3100 a monthCap Rate: 8.72%Stable TenantsDoesn't need major workGood Area, Decent SchoolsQuestions:1) What is a fair win-win offer?

We have found that it takes us about six months to get things stable when we buy a group of low income properties.

I'd say it's stable, but I wouldn't expect a lot of appreciation.

An off-the-shelf or do-it-yourself Operating Agreement for a Series LLC, or an Operating Agreement for an ordinary LLC with only slight modifications, will be little more than legal suicide should a significant issue arise."

The market itself is pretty small, but stable.

It is not clear how stable the tenants are but this is something I would question.- I love that they are including CAPEX above the line to NOI. 

However to combat that, Your loan in your 401k like a stable value or money market fund when you figure out your overall risk assessment, so you still don’t miss out if the market goes higher.

On the Real estate cycle, we are closing in on the Stage 6, Late Stable stage and will hit the peak soon.

The area seems block by block but nice and stable in general with lots of block clubs.