Of course that is a function of who the tenants were.I wouldn't let that kind of concern sway you from buying a multi to live in.

we still have a hard time with Insurance coverage on anything vacant unless we have a fully functional & monitored alarm system installed or someone bunks down for a couple of weeks.

We have 4 duplexes grouped together that function as as 8-plex.

Once the renovations are done, they will all enjoy a more sophisticated, modern and functional space, so the rents will be conducive with the market, but remain reasonable for the tenants and more opportunities to increase my revenue.

A couple of things to check out if you haven't already: 1> Is the condo association actually functioning?

Note: contractor is not licensed in state of Florida and no permits are acquired.Property is completely fixed up, looks fantastic, everything is to code standard and functions well.Obviously there is going to be a fair bit of headache and costs to ensue regarding not acquiring permits.

I'm kind of curious if this is just a string of bad luck, a function of being on a busier road, and/or a function of being on a corner lot.

List price is a function of the Realtor and seller and sometimes has nothing to do with what a prospective buyer will pay (nor what an appraiser would value the property at).As a buyer, I always look at all of the numbers to come up with a value and then I offer less than that.

Also you can buy a $80,000 policy with a repair cost or a functional modified replacement cost policy just not through American Family.

They are a major pain in the *** to function under, obtain financing with, perform accounting, taxes, etc.