I thought that apartments might receive similar treatment, but this of course might lead to some alarm bells at the IRS.

Hello everyone...Was just wonder if I'm still thinking like a civilian home owner instead of an investor, but when I see a listing saying selling "as is"...Alarm bells ring...Am I wrong to think that way as an investor?

In 2013 they added central AC, hardwired alarm/fire system, insulation, 22 new double paned windows, so it's been modernized somewhat. 

It's alarming to see how front loaded a fixed rate mortgage really is. 

Be aware that triplexes in Philadelphia require 24/7 monitored fire alarms with wires smoke detectors and larger sprinkler system annually certified.

It will pay off, maybe it is an unconventional route or takes longer than others around you (comparison is the thief of all joy), but it will come.Keep posting your questions here and let us know when you get your first deal done!

The house also has a working alarm system.

We had a 3:30am one last weekend where the septic tank alarm was going off at one of our houses.

IMO a responsible investor needs to aim to get leverage below 75% as quickly as possible, while getting property condition to a point where you would not have a home inspector ring the alarm bell over stuff failing left and right and major components being past their normal life expectation. 

I have not heard of any requirements that you need to have an alarm system in Easton.