He said I need to learn how to value properties better or I’m not going to get a deal from anyone.So I’m just wondering if Im takIng the rIght approach on preparing my offer price. is 65% too low , am I over budgeting in repairs, or was my offer fair?

From everything I've read, this should be covered by a landlord insurance policy that covers damage done by tenants (specifically, this tends to be categorized as Vandalism because the tenant is knowingly doing damage to your property).Here are some photos of the aftermathtldr; A tenant smoking meth cost my colleague over $25,000.The key takeaways here I believe are: 1) get a good insurance policy, being stingy might cost you years worth of profit, 2) screen your tenants well and inspect frequently (especially for lower class properties), and 3) be prepared for unexpected costs, this might be a rarer case but **** happens.Also I'm not a lawyer or insurance expert so you should consult professionals with regards to your state laws and local insurance policies to figure out how to cover yourself from a situation like this.I'm interested to hear if any of you have had to deal with something similar and also any suggestions you might have.

Credit histories are reviewed my mortgage lenders as one of the underwriting criteria in determining credit risk.creditorA person to whom money is owed.credit reportA report of an individual's credit history prepared by a credit bureau and used by a lender in determining a loan applicant's creditworthiness.credit repositoryAn organization that gathers, records, updates, and stores financial and public records information about the payment records of individuals who are being considered for credit.debtAn amount owed to another.deedThe legal document conveying title to a property.deed-in-lieuShort for "deed in lieu of foreclosure," this conveys title to the lender when the borrower is in default and wants to avoid foreclosure.

As I was walking in, Kent Clothier Sr was preparing to walk out. 

I encountered some challenges in properly equipping my tax preparer with the documentation necessary for 2017’s filing.

Did anyone tell you that investing in rentals was a job, it definatly is and you should be prepared to work very hard to earn that fortune you will end up with.

Be prepared to pay much more initially but it will reduce wear-and-tear, cut down on cleaning costs, and you could even learn to install it yourself to cut costs.

Yes they all need somewhere to live....its just not in one of my units....not worth it.I would however lean on the seller more to accommodate this issue in the price..... be prepared to away.....

Full disclosure I am not going to be a local investor in NYC but I have been preparing to get into an OOS market for multi-family investing.

Well, learn as we go and be better to prepare for next transaction.Thank you for your help.