Are their instances where you can choose to add deductible in the insurance policy if you find out more information about the tenant (criminal background, history with damaging property, or lack thereof, etc.)?

Besides, the lender won't do the refi if the new loan drops the debt service ratio (DSCR) below their requirements.For instance you locate a building and during your due diligence you see the potential to increase rents and decrease expenses by making some repairs.

I have been in situations where a person invited me into their house (one instance was several large men who lived together) and I declined, because something didn't feel right.

I have yet to hear one instance where this was a problem or could not be done, or encountered a lender calling the note due.

(again, imo)Some instances of "there" Im still not sure are 100% correct, the way I use them.

If one jurisdiction gives you problems, it can be a disaster.For instance, on one of my moves, the electric co. crew that was supposed to elevate the power lines so we could move under them were 45 minutes late.

Last year, for instance, I was unexpectedly confronted by a loose pit bull who wanted a serious piece of me before I dashed inside and called the doggie police.

If you assume a roof lasts (for instance) 10 years, and costs (again, for instance), $5000 to replace, then you need to budget $40/month for roof replacement.That's why Mike and others just used a fixed percentage. 50%'s a conservative number.

I don't disagree with your statements above Mike but I would add that in the commercial world, the deal can not ALWAYS be judged and determined by current cash flow.For instance, lets say you find a 100 unit apartment complex that is bank owned for the last 6 months or so and only 40 of the 100 units have tenants.

For instance if the median price range of homes for you area is $100k then buy a house that will retail for around 100k when you are finished rehabbing it.In my area you can't go wrong with cheap homes though.