Its next to a driveway , maybe a car or truck clipped it 

My personal big mistakes have been - buying home with converted garage and only car port (buyers here in So Cal, especially the guys, want/need a garage), bought a house with 55 stairs from street to front door - never again, and largest financial mistake was not going with my gut and chose to go with a new agent to list a multi million dollar property rather than my proven agent or myself.

i will be reporting it on my taxes for 2017.debtCalifornia piti $1,950Georgia piti $2,000 (yes, gross profit per month is $1,200 with only 5% down, seller covered all closing & living rent free)car $530student loans $350As an investor I want the minimum amount out of my pocket.

Someone making 150K a year car tear up a property just as much as someone making 20K 

Ideally setup recurring online bill pay, so the money comes out automatically.

@Lucas Carl I just PM'ed you with some more detailed information

Sort of like the buy here pay here car dealerships who charge 17% on the 03' fiesta.

You should still do credit and eviction check.The 3 X rule is for the average person with car payments, credit cards, etc.  

The seller had moved the garage wall, only making room for storage and no car.

Hi -  We are under contract on our first buy and hold that we have been able to find that has decent numbers...Would appreciate any reaction or input anyone has to this deal...good/bad/bad assumptions etc.Location - 63rd and Halsted (very close to the new whole foods developmentProperty - Grey stone with 2 units (3 bed/1 bath) unfinished basement with laundy and 2 car garage.