You want the floors cleanned  and the kitchen and the  bath and tub, toilet and sinks.    

Back to the numbers....Conventional Loan 25% Down: $45k  Amount financed: $135k @ 4.75% 30 years - $706/moTotal Renovations:$16k (I'd say $12-$13k was related to the one unit's rehab - new flooring, new a/c, new fridge, new kitchen cabinets, new toilets, new water heater, painting, new washer/dryer, replacing back door, refinishing tile in baths.  

Being a DIYer isn't for everyone but I want to make it clear to people that 3 years ago I couldn't change a toilet let a lone renovate a whole house.

Early in his career, the investor had started off buying rental properties, moved on to small multifamily units, but got tired of "tenants and toilets", and is now involved in commercial multifamily.

In their case it was *both* a leaky toilet and a teenager taking long showers.

You may want to sell it for cash and pay the cost to so it's about 40% equity in your hands and pay the taxYou do a lease with an option but you're knocking to get more than three or 4% downI don't know what state you're inYou could look at a contract for deed like 10% down of the pan a contract and then refinance it down the roadThe important thing if you're selling on terms send the OF Buyer RMLO to look over the 1003 app for the ability to repay

By "issues," I mean sewage coming out of the tub and sink drains when the toilet is flushed.Sounds like I need to get down to the county recorder's office Monday morning and look for some documents, and also ask my plumber if the pipe bursting technique is an option here.

, "Have you ever peed outside the toilet since you were 5 years old?"

.   :-)I usually perform my own renovations and snake my own toilets if possible.  

Guess what your expected cash flow just went down the toilet for a few years.I think out of the country investors should not be buying these low quality properties and areas.