Extremely high taxes and maintenance costs plagued by huge inventory sitting in the market. 

This type of foundation is extremely porous and lets in a lot of water.

Frankly - this space has become extremely saturated over the last 10 years - so the odds that you find this one "diamond in the rough" deal is relatively low all things considered. 

The property is extremely mismanaged and the tenants are quite undesirable. 20 of the units are affordable housing tenants and 5 of them are on a master lease with this company who lets the homeless community use the units.

Verifying last 2 years of rental history and income extremely important to find the “best of the worst”.Make sure you understand the Class of properties you are looking at and the corresponding results to expect.PM us if you’d like to discuss this logical approach in greater detail!

This is more extreme but would obviously stop him from having access to the tank.In trying to wrap my head around why he would do it I thought maybe its a sound thing?

I know some experts on here expect a correction at some point, but with rental rates being near all-time highs, I think this makes the midwest extremely viable right now.Also, if you want to thing long, long term, check out some articles about climate refugee cities in the midwest and how they think they will be major factors as climate change gets worse and people start to leave areas negatively affected by climate change for a more stable climate.Truth!!

In other words, find an investment property that makes sense to you and pull the trigger. 

There are lots of restrictions but these are extremely common out here.

If not I will try to refinance and then either pull the trigger on furnishing the home for STR (cleaners and handymen were hired/ interviewed on the trip out,) and still have the boots on the ground in case of emergency.. or just long term rental and refinance, repeat…Not a perfect deal, but I learned a ton!