@Nick SchmaltzNick, would love to be added.

Our down payment will be added back to calculate the equity appreciation.1st year corporate earnings from rent $1500 * 12 = $18,000 + 3% equity appreciation $4875 = $22,8751st year corporate expenses: closing cost $8492 + immediate repairs $4000 + budgeted $2000 for 1st yr (WTR) wear, tear, and repairs & possible maint fee increase + mortgage and rental cost $16164 = $306561st year net loss: rent + equity increase $22875 less $30656 = ($7781)2nd year corporate earnings from rent $1500 * 12 = $18,000 + 3% equity appreciation $5021 = $230212nd year corporate expenses: budgeted $2000 for 2nd yr (WTR) & possible maint fee increase + mortgage and rental cost $16164 = $181642nd year net gain: rent + equity increase $23021 less $18164 = $48573rd year corporate earnings from rent $1500 * 12 = $18,000 + 3% equity appreciation $5171 = $231713rd year corporate expenses: budgeted $2000 for 3rd yr (WTR) & possible maint fee increase + mortgage and rental cost $16164 = $181643rd year net gain: rent + equity increase $23171 less $18164 = $5007Our projected net gain for 3 years would be $($7781) + $4857 + $5007 = $2083.At the end of three years, my sister-in-law (should she buy the property) will have the opportunity to purchase the property using the following calculation:$162,500 + 3% cumulative equity appreciation ($4875+$5021+$5007) = $177,403 (future price).

Either close on the property or sell your contract and you're done.Obviously there are several steps that can come between or be added to what I listed but my list is the basic process.Make sense?

Let me know if you ever need any help moving a property or send me a message if you want to be added to my list.

Plumbing can mean tearing out walls to get the plumbing in, drains, vents, and water plus you would be adding places that could leak and cause a big inconvenience should the new plumbing fail anywhere affecting all units and tenants.

We will be adding my wife and son at the end of the year, and it was reasonable.  

It just depends on how much value needs to be added and what the level of effort will be to undertake it.

Click on their name and it will be added to your response.  

Interest can be added to a judgment collections also Maryland Code §11–107 which seems to be a generous 10%

A 2.5 would work if it has a good finish(for scratch resistance such as Aluminum Oxide or Ceramic Bead) Grip strip is not the easiest product to work with if you are a beginner.