However, out-of-country seller (no debt) paid $300/month to a property manager, $100/month taxes, $205/year insurance, $350/month water, $120 month for electric/heat (laundry shed), $35/month trash (dumpster shared with 2 other MFHs), $105/month mowing, $20/month pest spraying, $50/month for cleaning of laundry room, in addition to any maintenance required.

As an investor, I can't go as high as an owner-occupied offer, so now we're shaking the tree and trying to get our own listings.I've also been looking at out-of-state and out-of-county investment as a way to diversify as well as take the heat off.At least I'm glad I'm not the only one - LOL!

Baseboard heat.

I would like to rely on altruism, but in the heat of a deal when communication is important, I think it can work if the mentor is invested as well.

Plan for reserves for replacement; roof, heating & cooling, appliances etc.

I must have a gas leak or something, It doesn't smell like gas at all around the property though.Richard Evans - Is the hot water heated by gas?

With an auction it will be advertised(pretty much) that its vacant and the copper pipes are free for the taking.They don't want to heat it for the winter, prepare it for sale, deal with inspection.

From my own experiences, the people moving in Jan HAVE to move; there are good reasons for having to move (need more space because expecting a child, or job relocation, or current home has some issue that requires serious repairs - think mold or fire) and not so good reasons for having to move (foreclosure, eviction, non-payment of utilities leading to no heat, loss of job).

In a place where temps are truly temperate like coastal CA (no AC, and no central heat in this particular house) a lot of the newer windows are overkill.

There are a lot of things that I don't like in a house - like built before 1940, flat roofs, heat that is other than gas forced air, additions that aren't done right (most additions are a mess).