HVAC and Roof will be your two biggest potential nightmares, but also factor in a generous psft upfit allowance and make sure you have the reserves to stomach it in case you find excellent tenant who needs upfit.

In the case of the last prospects, my numbers (even generously construed) would demand that I make an offer for 33% less.

They turned out well, and I learned to refinish hardwood floors as a bonus.

You should do a quick search.I haven't bonused tenants yet, but I'm planning on doing it this year.

. :-)And the playing dead thing really was not the added "bonus" I was hoping to get out of the house. :-)

I'm actually a little surprised because it seems to me like these tenants would be eager to maintain their generous housing benefits by complying with the program.

Given the details and assuming the 2 properties don't need work and aren't significantly higher maintenance/vacancy than the 1 property it seems like a no brainer to me.Invest for cashflow and treat appreciation as a bonus!

We've bought a few bungalows in South Redford where they have already been there and that's a nice bonus- but like I said we always put second baths in the basements.

Additionally, I'm a realtor so the commission is an added bonus once the sale is completed.

There are other parts of commissions such as selling bonus's ect. but that could be to complicated to get into right know.