If it is a good tenant, I may be inclined to give a small credit for the broken item if the repair person did not pay anything or have insurance for this.

However, very few have the time and/or inclination to do so. 

Seeing as how the weather isn’t great people may not be so inclined to want to move?

My contractor, who is also a friend, has built the exact home for $160,000 and I'd list it for $250,000.Assuming I purchase the home for $135,000 and sell the new house for $240,000, I'll lower my monthly mortgage payment by $404 (incl. ins. and tax), have $70,000 equity in a home worth $225,000, profit $507/mo. from renting that home (meaning I'll have $911 extra each month), another $10,000 equity in a home worth $140,000, and gain around $55,000 cash.Any objections or advice?

The financial impact this one deal brought made me realize I could do great things in Real Estate if pursued correctly.I have always been mechanically inclined but had never worked on houses before.

Banks are less to inclined to do a short pay off after the mortgagor has transferred title, than they are to do a short sale, if they will even consider it at all.  

If you have the inclination for rehab's, I am sure that you could hit $1000/month pretty easy.  

Eventually I will make my 1st deal and I won't stop calling myself a newbie but maybe then I'll feel more inclined to reach out? 

I'm inclined to sell and start over b/c I won't get there with these properties. 

. - I am not inclined in that direction for several reasons:Building is Landlord paid water, tenants would do much smaller loads and to much higher water billsHigher risk of overflow causing unit (if not more) floodingMay need electrical work in each unit even if washer / dryer run on 120V to make sure breaker can support the added loadUnits not built with in unit laundry in mind so dryer exhaust is an issue Anyway, I am sticking with a laundry room.I know that we have a lot of analytical people here and I am sure some of them have either done this analysis and / or tracked their laundry room metrics.