A note buyer who overpays does not have the same type of safety net.5.

Personally I like the idea of having a few properties owned outright , simply for safety / risk reduction to keep the wheels turning in tough times and there will always be tough times or massive expenses if your in this game long enough .

My experience in Philly is that the exact law is not relevant and if you ever ended up in court a judge will find you at fault for not spending the $175 to ensure the safety of a child.

Unless it's a safety issue, hazardous condition, or a health risk, they should quit failing houses for silly stuff. 

Prioritize the damage by property and make the business decision based on your situation. 

The oxygen sensor will shut it down if the air gets too thin for safety and then the electric will kick on.

In general for a traditional loan, it needs to be a complete and functional home absent safety hazards. 

IRR is the most common metric for comparing one real estate opportunity against another, and in my experience it is the one that most investors prioritize. 

Always think of having a safety net.

The job provides a safety net but also makes it easier to obtain financing.