yes create the addendum but realize the tenant who has been paying could ask to be reimbursed for these costs as well as not accept the addendum.

I am hoping to learn more about how investors analyze their deals and make decisions, as well as looking to better understand general real estate investing.

As I see it, the only ways that real estate pays you well in the first 3-5 years is low to no leverage or a strategy that requires more work (short term rental, mid term rental, rent by the room, etc.).  

Appreciate any feedback as well as similar stories that the community might be able to shareThanks and Happy New Years to all! 

And then you argue with me saying that I don't know all the details (as in, well, these days even a man can get pregnant.)

Even better, I might be able to snag it well under market value since it's an estate sale that's been sitting on the market for nearly 200 days.Here’s the challenge: while I could afford to purchase the property under market value, I’d be stretching my budget thin to cover the mortgage during the period I’d be remodeling the basement to make it rentable.

Being a NYC resident (originally from Long Island), the price of entry in the area is on the higher end, so I've been considering some options in the NY Capitol region, as well as NJ and CT.

They typically will have data and newsletters as well they can send you.

Being a NYC resident (originally from Long Island), the price of entry in the area is on the higher end, so I've been considering some options in the NY Capitol region, as well as NJ and CT. 

I am trying to find a mentor and have a relationship that I think will work out well.