Goal was to fix it over a period of a year and then rent it when it was acceptable and allowed.Think about this - if every question was met with resistance and arrogance, people would soon stop asking questions.

This durable, water-resistant vinyl flooring is great for use in basements, kitchens and bathrooms.

That should be fun.....let me know what they say - most lawyers wouldn't think to do that, you should be sure to know what to expect when the seller's resist some of those terms.

... it was $3,500 per unit @ roughly 500 sq ft per unit (waterproof laminate).I've priced just the materials at Home Depot for the Allure vinyl water resistant flooring and it was closer to $1.1k/unit (just materials)...What are other landlords spending on flooring?

If you want to make a lot of  money, resist diversification.

It's not a glamorous goal but it will allow us to retire at the age of 30.Our renovations are as follows:Laminate $1.99/sqft20x20 polished porcelain tile($1.07/sqft) w/backer board, thinset, grout $2.85/sqft9' Granite counters $115 pcLow flow toilets $135 pcLow flow Delta showers $200 pcPedestal sink $50pc for half bathsSink faucets from China $54 PCNew bathroom vanities 48" for 2 center units $650 eachNew bathroom vanities 60" double sinks for end units $900 eachNew blinds for all windows verticals in living & dining, minis in bedrooms $500 from StarDecoratingElectric fireplace insert ($250) w/ ledge stone surround ($5.99/sqft) and mantle ($20) $500New doors $42-$64 eachKwikset handles & knobs $500 total for all units Modern kitchen cabinet handles $50 per unitTamper resistant modern outlets & switches-Leviton $200New lights $370LOTS OF PAINT!!!!

It's more recession resistant and you're making a lot more than traditional rentals.

Are cashflowing properties more "resistant" to a real estate crash?

Such a LIVELY discuss what investor can resist tossing his hat in this ring...For many of the reasons already stated I would add that when you survey locally and nationally the REAL real estate investors (people who actually own & invest in it daily versus those who simply talk about or teach it) it is those who have a portfolio of rentals property of some sorts that have withstood the test of time.Obviously all markets aren't suited for the buy and hold strategy but with the ease of investing in other markets and countries now, you can't soundly refute the strategy.

Steve Jobs singlehandedly enforced non-compete contracts in Silicon Valley by threatening competitors if they ever tried to steal his top engineers; Bill Gates spent a decade resisting opening a Bay Area campus; Sun Microsystems instituted remote work policies so that they could allow their employees to live around the country (and the world).