Solution: Unless you are intimately familiar with the local market, demand third-party verification of the value of the property, ideally via an appraisal.In the event of a default, getting the property back might be a huge hassle - If your borrower does stop paying you, you're going to have to foreclose to get the property.

Dave Ramsey offers good solid advise for the average middle class slob who can’t control himself but his approach is so conservative in this day and age that you won’t make much for fear of risk and you will save till your dead using his methods . 

This is only ongoing capex that will occur as your property ages.

Inspection deadline is tomorrow.Thanks again everyone :)___For Context, boiler details:Approximate capacity: 105,000 BTU/hrEfficiency: ConventionalExhaust venting method: Natural draftApproximate age: 38 years 39 years 40 years 41 years Near end of life expectancy Typical life expectancy: Boiler (cast iron) 25 to 50 years Main fuel shut off at:  MeterFailure probability: Medium Supply temperature: 180°F The following issues were noted at the time of the inspection: 1.

What do you think is a realistic goal given my limited income and age?

No need to quote me saying “100’s of houses” since I’ve been building houses at age 16 with my grandfather, now 33 years of age I have a few houses under my belt.

If your ever looking to get a business line of credit one of the key factors is the age of the business and it’s balance sheet and P&LIf your business was profitable then absolutely keep it and just change the designation.

If they are VERY professional, they will have their processes in writing as verification that it is enforced equally and fairly by their entire staff. 6.

Some of it would be all of the vacation properties here, some would be the aging population that moves here to get out of the cold during the winter. 

Walk the property yourself for verification of work completed.