My assumption is that people will always need a place to live, but perhaps if the city is dying I won't be able to raise rent yearly) Being from Miami I also have no clue about how winter weather affects the home.Thank you so much!

@Salomon W.We know someone who will fun these as long as existing rentals the loan won’t exceed 75% of cltv but I know they charge min 15% + points

Did they have fun?

I lived through the remodeling and it wasn’t fun.

Chris, too bad you’re so young you missed all the 1970s and 1980s fun!  

not fun or sexy. 

Plus it’s fun racking up profitable properties and helping people in the process.Yes, it takes some training, which has a cost and a little bit of time to learn, but it’s a life changer.

If we were running a cap rate on these you'd have a worse return than just going and getting some CDs from your local bank and YOU would then have the fun of dealing with tenants paying less than 50% of market rates (assuming your numbers are correct).There's no deal to be had here unless you can bring her down significantly on her ask.

Transfer taxes in PA are no fun.

@Ben G.this s when it gets to be really fun!