The gutters are missing a large section of the down spout, there is a section of roof venting gone and the exterior hasnt been painted in years as the paint is peeling and the wood has now been exposed to the elements and rotting.

It's at the stage now where the shingles are on, the doors and windows are in, but many other elements such as electrical and such are not complete.

You can list gas in your marketing, tenants have mentioned numerous times their preference for gas.

I'd like to compare those terms to the ones I see and potentially incorporate some of the safety features.You've noted the key element of the deal.

Welcome David,Look into the numerous blogs and podcasts here on BP that will definitely assist you in your REI journey.

The real estate market here never ceases to amaze me, when I bought this place it was in a "undesirable" part of Berkeley which has seen numerous improvements over the last 5 years and I thought I was paying to much 5 years ago.

Still need to run all of your numbers and ensure any property is a good investment if you are planning on being in this for the long haul.There are numerous posts on FHA financing and living in a portion of your first rental property.

@Amelia Bartlett, there are numerous threads discussing the topic of title searches here on BP.

You buy the tax deed or foreclose on a lien and get the deed to the lot and now you inherited the costs of infrastructure and rebuilding the lot. 3) Numerous other reasons for the lot owner to be defaulting on taxes.

Since the tenant caused the damage there will be no reduction in rent , and repairs will be extra rent .I have the utility company contact me if utilities are shut off , the properties on well have no water without power , city water does , when I get a shut off notice , I go over and blow out the water pipes (winter only) and I disconnect the electric from the water heater ( save the elements) .