EDUCATE YOURSELF - yes, it will take time, but will lead to a selection that better meets your expectations & avoids potentially costly surprises!

EDUCATE YOURSELF - yes, it will take time, but will lead to a selection that better meets your expectations & avoids potentially costly surprises!

I would start looking into liquidation options before you lose a bunch more equity to fees and interest from non payment.You would be very surprised to see how quickly your balances will increase once you stop paying.

Put safety first by looking closely at homes, guessing fix-up costs, working with good workers, and having backup plans for surprises.

i really don't think you "missed" anything here, this deal didn't add up and i am not at all surprised that this is how it ended up "selling."

One called the city inspection and they can find plenty of surprise code violations that you’ll be losing thousands to fix.

More than four months rent were lost between missed rent payments and legal fees to evict the tenant.The next tenant was much better, but had frequent complaints regarding legitimate problems: -bathroom sink hot water knob that didn't work-rat urine smell coming from the vents-water leakage from the toilet(I understand that problems occur, particularly with properties of this age, but it was surprising/disappointing considering I paid Ohio Cashflow $64.9k for a property they bought for almost half the price, then, even after having done improvements, still required frequent repairs.)3.

Not your fault but I'd be curious what they indicated...It's very surprising to me that they visited the home and didn't have an issue with double covered roof and missing shingles..iIf that's the case I'd say it's less likely you have full replacement cost on your roof but I'm just making an educated guess.You need to check your policy to see what kind of coverage you have.A claim will definitely affect your pricing.

Step 3 - no surprise, the renovation costs more and takes longer than expected.

I would be surprised if you see any market at all for short term rental in that area.