Now if I have to come out of pocket on a mult family property a couple hundred bucks, is that better then not having a property at all and saying forget it?

Now if I have to come out of pocket on a mult family property a couple hundred bucks, is that better then not having a property at all and saying forget it?

He may want to invest in RE and save hundreds of thousands of dollars on a college education.

I’m not looking for huge returns just a couple hundred a month starting off.

I would consider hiring a professional photographer for a few hundred bucks and if you're willing to make the investment, get the furnishings updated and consider a kitchen overhaul. 

For me a cash flow of a couple hundred isn't a good deal, but this is my target market and you'll have to define what you consider good. 

I ask because if a house doesn't necessarily need something replaced, for example let's say the cabinets are fairly new, but not brand new.

For example, our cabinetry was 40% less than our lowest proposal because I took the time to go directly to a manufacturer and become a dealer (there's a lot of mark-up in cabinets). 

If you don't have any difficult transactions to record, pay a bookkeeper a couple hundred a month to record everything and then throw your CPA an extra $500 at year end to clean it up with some JEs and call it good. 

So new locks are perhaps reimbursable, but new kitchen cabinets would probably not be.You need to look at the applicable Alabama law for tax sales.One of the first things you should do is also ask for proof of ownership.