Thankfully I didn't need to replace the floor or ceiling.She is threatening to sue, wants contact info of the plumber and receipts.

Sounds good, Thank You!

Sounds great.

Sounds like the place is no longer fitting your needs if $500 per year is causing consternation.

Any advice or personal experience that you can share would be greatly appreciated.CoreyCorey,Sounds like you are in great position right now.

If it sounds too good to be true, it almost always is. 

Just save the money and be ready to replace when necessary.

The investor also had no backup plan, and it was clear they hadn’t considered the potential risk if this failed - they just said "we would foreclose" - which if they did would (at best) provide single digit return...It gets even better, if they did get the borrower to follow their exit strategy, they would make around 13%...Here’s the problem: The gurus often make note investing sound like it’s just a game of persuasion, telling you it’s "easy" to get borrowers to agree to anything if you push the right buttons.

Based on your post and your questions, it sounds like you are at the very beginning of your journey so you have to ask yourself, why do you want invest in real estate?

For example, carpeting installed a decade ago likely has minimal worth especially if the new owner has plans to replace it.