You 3 will all be arguing over how to do the renovation and it will end up taking years and tears.It might wreck your marriage.

. - doesn't wreck you.Learn about the time value of money, net present value and internal rate of return. 

I swear for me actually TALKING to sellers was the most nerve wrecking thing for me but once you get over that...everything else is pretty simple. 

The rare occasion the owner had a forklift we were in heaven.I won't bore you with all the details but that was only about 15% of the stuff we did there.My dad died in a car wreck when I was 15 and lost my grandmother that same year and my best friends dad finally died of cancer month later.

The ideal property would be 3-4 units, under 500k, and not a complete wreck.

That is why I fear the ultimate attack will come from within; up to and including placing people in leadership roles that can wreck our ecomomy.

Really understand the difficulty of appraising these things because you do add income but really hurt the existing property by wrecking the yard and possibly the view.

I would assume you're not going to wreck the place or create any big expenses.In your analysis you've neglected a bunch of expenses including maintenance, landscaping/snow removal, capital items, vacancy and property management.

For the long term and that number of units, you're going to have all the long term expenses like furnaces, roofs, tenants wrecking the place, lengthy evictions, defending yourself in the occasional lawsuit, and all the other fun stuff.Yes, one you get these paid off, the cash flow will improve.

She is a freaking wrecking ball for capitalism.I would like to know what "fair value" mean.