You don’t want to put your faith in your tenants that they know how to turn off the water in an emergency, I’ve seen that go bad at a frat house near me, tenants didn’t turn off the water and just went to their rooms when they broke an exposed pipe playing football. 450$ + labor very well spent in my opinion.

If you buy right - that is, based on the current occupancy and not a proforma fantasy - you should get a significant discount.So, yes, I would consider the rent I would receive.

U don't neeed collee I wet for a semester played d2 foot ball!

Brokers always submit fantasy world pro formas...get used to it ;-)

Tod - I am also a high school football coach and avid sports fan, but I do not miss the sports talk on the way to work because I am sparking a lot of thoughts on how to improve business!

WPS (except in football, am I right?) 

Older units are caping at 6-7 around here and to me, that implies you are getting pretty close to a top.The guys with a lot of experience all saying you have to be super selective  right now.Whats even worse, to get to that cap of 6-7 you are usually getting pro forma or fantasy numbers!

There is no sense living in fantasy land.

You call the number and have an awkward conversation with an escort who thinks you've got some weird landlord/tenant fantasy = prank successful.  

Am I in fantasy land thinking that somebody out there will lend 100% of purchase & rehab costs and also be ok with full payment after closing?