I never let that stop me though because I know I am going to be a great Wholesaler and I will do this the rest of my life because I love the thrill of finding deals even though I'm slow at it until I have more capital for marketing.

I hope to attend the meeting next week, there needs to be provisions to get this away from city government...if a house has passes LMHA Section 8 inspection (which includes the visual inspection) that should suffice as proof of inspection...the same should count for private inspectors hired directly by the owner provided they are licensed.Personally I'd like the City to put their money where their mouth is and open this up to all single family homes, all apartment units, all places of business where children may enter (bars and strip clubs are exempt I guess)...If we're concerned about children's health lets broaden this to all sources not just those who are easy to pick on.I'm thrilled to see an opportunity for this whole lead issue to become reasonable...I've just been quietly watching the panic and planning on doubling my portfolio as investors run away from the area, then opening a lead inspection, abatement and siding/window company as my buddy Engelo suggested.

This is the first mention I've received about the PM fee being waived for replacing the tenants, so I'm thrilled to hear that.

The last rental I bought, I met the neighbor and he wasn’t exactly thrilled, either.

I'm too young to remember the high rates of yesteryear, but my parents have told the story of being thrilled for the low 12.75% they got buying our house in 198? 

I'd be THRILLED to have this guy as a tenant!  

Need to shop it out.)Prop Mgmt: $166/mo (10% only when occupied)Repairs/Maintenance (at 10%): $180/moCap-Ex/Reserves (at 10%): $180/mo- TOTAL EXPENSES: $931/mo (also about 52%)- Debt Service (20% down, 5% interest, 30 year loan): $636/mo=======================Cashflow: $233/month (assuming I buy at asking price)I'm not thrilled at all about this one, however, if I change the purchasing price to about $115,000, I get a cashflow in the $376 - $406/month range.BOTH AREAS SEEM TO BE "C" CLASS NEIGHBORHOODS, AT BEST.

I understand a lot of you are not thrilled with Condo investments but I wanted to run this one past you.Purchase price is $80,000, 2 bedroom, 2 bathroom, corner unit top (4th) floor, 1 car garage and storage unit.

Very informative and thrilling to read.

Thrilled to announce the successful closing of a loan for two adjacent 4Plex properties in Buffalo, NY!