You don't know what you'll hit when you do the repair to make it an even more expensive repair.

installing PSL flush beamSome of my other favorites are undersized electrical services (particularly underground) aluminum and knob n tube rewires.

Hi, I am keen on a property but checked that it uses Oil for heating (instead of the typical gas or electric).

It's easier to manage this property now that I sold the other one.I still have to see how much I will get hit by the IRS for 2024 (which is when I sold the other property)I have considered selling the one I have left (in 2026) but I would lose diversification because then I'd have 90% in the Stock market.

Co-living also takes quite a bit of money to create more baths, walls, different electrical hookups, etc.

@Roger D Jones and @Dominic Mazzarella hit it on the head: try seller financing first and see what his cash flow needs are and/or if you can reduce his CG taxes. 

Multiple ADUs on any is not allowed, but I have only heard of it being an issue in SF zoned areas or if unit count hits 5.If you want to be sure of getting non-commercial F/F follow the rules. 

This figure includes allowances for heat, electric and any other utility that the tenat is required to pay and this is deducted from the FMR. 

TERMS- Deal Type: Seller Finance- List Price: $580,000- Purchase Price: $780,000- Seller Carryback: $693,000- Total Entry: $100,000 Breakdown: Assignment: $13,000 Down: $87,000- PITI: $2,657 Breakdown: Principal & Interest:: $2,000 Taxes: $464Insurance: $193- Rent: $5,250 ($750-800 per unit)- Amortization Years: 28.88- Interest rate: 0%- HOA: NONE- Balloon: NONE- EMD: $5,500- COE: Feb 12, 2025- Occupancy: Occupied, Occupants staying post closing- Title company: PROPERTY DETAILS:MULIT-FAMILY7 Units - 2B/1B per unit- Living sqft: 5,200- Year Built: 1940- Age of Roof: 1- Age of HVAC: New- Age of Water heater: New- Condition of Electrical: Good working condition- Condition of Plumbing: Good working condition

The reason these hit the market is because developers build them for a living.