When you look at a property, do not fall in love with it....maybe fall in love with the numbers, but don't look at it the same way your retail buyers might look at it. 

If you have a real deal, everything else will fall in place.

It is necessary as there are tiles falling off the walls, visible mold, and possible mold behind the walls.

I know you may be the victim of your own wishful thinking but do not expect this to be a quick resolve and you know what they say,"time is money". 

I was originally ok with both renting it selling and now I feel like this could be a either a fantastic middle ground, or a hole I know nothing about and could fall into.I am DEFINITELY willing to look I to podcasts and books as well if you have any ideas of where to go :)

I am not one for social media, however, connecting with a local investor last night gave me the final push I needed to use his words "Dive into BiggerPockets and lurk in the forums" so that is exactly what I'm going to do.My name is Christopher Smith, and I'm an aspiring real estate investor in Sioux Falls, South Dakota, focusing on purchasing my first residential multifamily to house hack.

Don't fall for the idea that just because a property is in a white area, 3 houses outside of blue, it is safe.

By refinancing when rates dropped last fall (to 4.25% for a 15)  I 'costed' him a $9k federal tax bill. 

The benefit of this over FHA is that PMI automatically falls off a 78% (or you can request it at 80%) LTV.

You'll need to enforce late fees to encourage on time payments though and not allow them to fall so far behind like the previous owner.