- Can't tell you how many tenant background checks show they are buying lemon cars with 25% "we finance anyone" car loans that are designed to fail. - All they've got to learn is to save some of their income to pay their bills on time and they could then afford to buy a home.Instead, they spend every penny they make on things they don't really need and then blame everyone else.Take a look at a Class C or D tenant's bank statement to see the frivolous things they spend their money on and you'll better understand our society's biggest problem.

We could have saved some money starting to clean up the property if we had only checked in with the neighbors first.

Second question is, if we don't live in the city we will invest in, we understand we will have to be traveling often, but who could be a good person to check in on the construction so we don't have to go every week?

Check your local laws. 

Be sure to check out the free tools BP provides to help analyze deals you may have and also market insights.

If you have any recommendations for other Maytag or Speed Queen models I should check out, I would really appreciate it. 

At the end of the day I would check with your attorney, but I ran this interesting question by my Title Rep @First American. 

Check with your Section 8 office. 

You should speak with a CPA and a tax attorney to be safe.Regarding your thoughts about 1/3 equal splits - sounds good until you check out the cost of getting a DSR rehab loan or borrowing hard money.

I thought of selling back to the seller at the same price, and take the 12kish loss on repairs  I doubt they will take it back.. check your note to make sure you dont have personal guranteesNoted, thanks Jay!