Upper main roof first half replaced 8 years ago, second half replaced last year, and lower roof was replaced last month.4 Separate Crown Aruba Gas Boilers, regularly serviced and approximately 20 years old. 4 Separate Gas hot water heater (ages vary)Washer Dryer hookups available in basement for coin laundry for additional incomeExterior painted two years agoShingle sidingProperty just passed state inspectionReplacement energy efficient windowsPurchase Price: $210kAppraised Value: $285kProperty Type: Quadplex/Turnkey tenants in placeArea: BUnits: 1-3BR, 3-1BRRental Income: $3365 Per Month / $40,380 per year (rents can be raised 5% upon lease renewals)Utilities: Separately metered, each tenant pays their own gas and electricHouse Utilities: Common area utilities are about $20.00 per monthWater/Sewer: Landlord pays $1500 per yearProperty Taxes: $7855 per yearInsurance: $2500 per yearLandscaping/Snow removal: $1221.00Vacancy: ???

I'm not buying that "surban" stuff.I never liked reading about these predictions of the future that only look at the habits of the upper middle class and white collar.

This is on the upper end of the price spectrum for Marquette too. 

I feel a lot more confident in my actions now, and as much as I hate the conflict still, I now finally feel like I'm the one with the upper hand (as I should be since I OWN the property!!).

Just this past weekend, we placed a bid on a fixer upper with termites, extensive water damage, dry rot,  you name it. 

And this was upper starter home price.

Hello all, I am making my first home purchase (a bit of a fixer upper) and would like to include a clause in the escrow agreement that allows me to back out (while recovering my earnest money) if the inspection finds any major (as in, cuts the projected home value in half and makes the deal non-viable to me) problems. 

When I meant by borrowing 200k was to buy a fixer upper for cheap (from a whole saler, or off market deal), and use that 200k to basically buy and rehab the house.

But, I like buying fixer uppers for less than land value!]

I'd say it's worth it to go on the upper end of that range for yourself, assuming your lender has told you that you do in fact qualify for up to $350k.If you want to rent it out later, it's best to stick to the lower end of that price range.