Most people on here think the 3 properties is a horrible way to go but there is a group that goes this way and there is the group that starts off the 9 property way but then stops and focuses on paying them off to be in the little to no debt group and enjoy huge cash flow without as much work and never worry about making a mortgage payment or worrying about having the cash to buy a new roof. 

Also, keep in mind that you should have enough profit (NOI minus principal and interest) to be able to realize a reasonable rate of return and still be able to set aside some money for capital expenditures - for example, money for new roofing, paving repairs for drives and parking areas, etc.In the end, you have to get to the other side of analysis though.

If the roof needs to be replaced, do you both pay 50% of the cost?

There’s no indication that the leak is coming from the roof so it’s got to be from the walls or the ground but I’m at a loss on how to diagnose the cause and fix the problem.

ArnThis is another aspect of real estate.

I’m from ellensburg WA and prices are through the roof here and don’t make for a good buy and hold my price/rent ratio would be around .5-.6%

For example:to replace a roof you usually need permit.

After talking with the seller, Furnace needs to be replaced, part of the roof is 3 yrs old/ most of the roof 18yrs old, plus back taxes of around 5,000. 

I agree with everything that's been said but I'll highlight probably the most important aspect an investor-focused agent will bring is the network and relationships.

Estimates are way way over $100k in repairs and they claim in the appraisals that you can do a roof, paint, flooring, new ac, pool replacement plus pump and plumbing, 100' fence, new kitchen, remodel 2 baths and all new flooring as well as re plumb the house in a 2200sf house for.... $45k!