The roof is over the next door properties property line.

No matter the number of units, there is one roof, one property tax bill, one sewer line, one gardener bill, etc. 3.

Outside we had trees taken down that were going to cause major future problems with the roof, gutters and the view.

For example, if you are buying in an area that is in are 1980s and above, you might run into a roof that is tile and the paper under the tile needs to be replaced the day you close.

Fees are through the roof. 

When it was released, the reviews were thru the roof. 

We have had tenants use everything from latex caulk to roofing cement to try to fill nail holes.

We fixed the foundation and the flat roof issues with pooling water, and rents didn't meet the mortgage just yet.In 2023, we finally started to cash flow.

With your balance sheet and cash, you can put together creative deals without giving up equity and without using your cash but you are going to need to find a market and product which has 7-8% cap rates.I invest in the northeast, Great Lakes area.Diverse economies with education, healthcare as the back bone and tech as growth.In your area, you’ll have to raise way more capital in the form of equity just to meet DSCR with the banks.

Leaking roofs, falling down foundations, mold rodents and past debris from previous tenants or owners.The process to buy these “pre reo” is actually a long one.