We made great returns but I wasn't involved in the decision making and didn't learn the mechanics of note investing.When I met my current partner, I came to the office 3-4 times a week and learned the business.

An inspection may not be a bad idea to to make sure your bases are covered for major issues such as foundation, roof, mechanicals and etc. 

Hello all,A little background, I have recently graduated college (1 year ago) and have been working as a mechanical engineer now for about 8.5 months.

It is listed for $225,000 and all the mechanicals (appliances and furnace,etc) are in decent shape.

My concern is with the rents that low, if you have 1 mechanical failure, like a furnace go out, that could cost you anywhere from $2000 to $5000.

We renovated the interior of the property completely with new mechanicals, we also added a full bathroom and increased living square footage by finishing space in the attic.

You can make the inspection for structure and mechanicals only, offer to buy as-is and not ask the seller to make repairs, etc. 

Basically you should figure to replace all of the mechanical electrical plumbing lot of places are laughing plaster with no insulation true 2x4 construction which is nominal sizing.

I would need permission to use the building and some information about the type of construction, age of mechanicals and age of renovations. 

Mechanicals are functioning.