This includes:- Purchase price- Renovation costs- Closing costs (buying and selling)- Holding costsThese expenses offset the selling price to calculate your taxable gain. 

I am always nervous about buying a property that has an easement or weird parking situation like this.

We buy houses in major markets in the states of TN, TX, OK and AR.

It is possible to buy too many too fast and put yourself in a financial hardship.Have you ever heard of a startup store that done real good and added another store that done good?

However if you plan on buying 3-4units, there is a trigger rule for FHA, it is called the self sufficiency test.

Investment Info:Single-family residence buy & hold investment.

They could buy just the battery and not the solar if their problem is really the power company turning off the juice. 

Question: When buying an old building (constructed in 1900 with an effective build year of 1960), what should I look out for and ask about? 

. @ $700k with 5% down : you would need $35k : why $700k if this is listed for $600k Bc as an example: you could do a construction loan where you buy the home for $600k and use $100k for the ADU.

(Buying great deals and managing those deals effectively).