The seller went down there himself and muscled them into a different position and did a shotty job fixing the gaps with a universal repair adhesive - duct tape.

I am mainly looking to do Buy and Hold as i want to build residual income and not necessarily looking for capital gains.

I am a new real estate investor in the Houston area looking to wholesale property to other investors as well as build my portfolio of properties for residual income.

My main goal is to build a portfolio of rental properties for long term residual income while I house hack the first property that I purchase.

Something with residual income as well potentially flipping some of the lower end properties in the area.

One piece of advice, if you choose to use the 36" wide base cabinet remove the drawer and use some construction adhesive around the perimeter of the drawer bottom.

I want to take that profit to use it to diversify assets and build a healthy rental foundation.I have some short, mid, and long-term goals (as naive as they may be for just starting) as follows:Short-term: Buy 1 property per yearMid-term: $2,500/mo in residual incomeLong-term: Own 1+ multi-tenant propertiesI'm very new to real-estate as an investment outside of the two years I rented my home.  

Investing elsewhere would not be as favorable as San Diego but I would still be achieving residual income. 

Hey @Mike Griffin, here are some ideas: -Potentially higher sales price because they are flexible on terms-Faster sale-Residual monthly income that can act as an income stream in retirement At 5% interest amortized over 30 years, the seller would make $90k in interest just in the first year.

Currently scheduling inspector for Thursday 21 April 2013, also scheduling a mould and meth residue assessment, hopefully for Thursday as well.I got my Fire Policy Quote today, much higher than I expected: $1960 a year.What else should I be digging into?