ahh thanks brutha, i'll have to have a look at that....guess I actually have to walk into a walmart :protest: i never thought about closing costs till I was discussing the property I wanted for my own house and the realtor asked about how I planned on working out closing cost and I was like ummm, uhhhh...I'm trying to get over the fear of the unknown and just drop a bunch of offfers on some condo/townhouses in my neighborhood.

ROI is a personal decision---if you are happy with 30% based upon today's realities, then go for it...Personally, I would want more of a buffer to account for the unknown and worst case scenario (value deflation and or extended holding periods).

I've looked at the split systems but they've not caught on all that well in this area for residential and different/unknown is bad for resale, especially regarding HVAC, at least in my opinion.

Do not be afraid, do not fear the unknown, because what is the worst that can happen?

Fear of making a mistake, fear of losing all their money, fear of the strange & unknown or whatever.

If you deal with a reputable contractor in residential and small commercial you really don't need such penalties, IMO, it's dealing with unknowns or those you take trying to save a few bucks, the fly by nights and you're not likely to collect from them anyway.   

Hello Juan Diaz,Looks like we're threading into the next phase of unknown threshold of lower expectations.Below is my 2 cents of analysis (+/- 1 look up)Look up the two parabolic lines converging at 1, -1, (assumed to be x year, could be 2016-17, one assumed to continually hypermarket, the other losing resistance, hence at lower pace, the other is extremely serious case where it reaches its peak 1 year and a half and slowly dipping down for several years, (possible 5-8 years or more), then slowly ripples back but not much.

Instead it says that defendants are former owners and individual defendants… weather said unknown parties may claim an interest as spouse, heirs, devisees, grantees, or other claimants…Attorney #3 suggested that mortgage 1993 was sold to Bayview after the property was foreclosed in March 2015 and I bought it.As I mentioned before, mortgage 1993 was for 40k and Bayview claims 24k.

I wanted to run this deal by some people on the forums to get some advice from people wiser than I on this.Here are the details on the property:Located in western Maryland - old coal mining town; weak but seemingly steady economy; lots of blue collar workers8 units - 2 bedrooms in each unitEach unit rents for $500-550 (one unit rents for $400...special deal for tenant with current owner)100% occupancy = $49,800 gross rentals/year (not including laundry below)Comes with laundromat on first floor - 6 washers, 6 dryers; open to public; current income unknown to owner, but estimated by me at $250/moTaxes:  $2,800/year ($233/mo)Owner-covered utilities:  $7,200/year ($600/mo)Insurance:  $2,700/year ($225/mo)About 1,000-1,500 sq ft of unfinished garage space on the first floor that is not being utilized.  

What we thought was going to be 6K went to 12K but we had room for unknowns so we were okay.