The interior will need to be repaired and repainted.I've done several 1900 - 1920's and while they usually have good bones, the electrical can be underpowered for today's needs, and the water lines can be corroded galvanized or even lead.

.$275000 with 25% down, taxes $4080, insurance is 3000 yr and rents is $3800 month, Water $400 mth. 

Hello Matthew, Looks like if i get a discount of say 20-30 k, i will still will be under the water for accepting to update the records and bear the consequences which no one know how it goes.

Coos Bay - The main delay with application in this area is whether the property is on public utilities or has a septic system and private or public water source.

Tenant pays all utils except water.  

The owner also needs to save for big ticket items that may need to be replaced every 10 or 20 years such as AC, hot water heater, furnace, roof.  

So adding this to my prospecting plan may provide reach to do deals that I may not have had before simply circling the usual watering holes.

I'd hate to see you lose all your belonging to water damage Ms.

I know some might disagree.The challenge is if someone applies and meets all your criteria and you reject them, I would hate for you to end up in some legal hot water.

I am through module 1 of Kai's course and it is definitely like drinking water out of a fire hydrant.