I was in Home Depot buying custom blinds for my home last week and learned you can still order corded blinds if you want. 

I was avoiding to name them but I think it is appropriate so no one else gets blind sided by them.  

I really feel like I'm going in blind.

While spending $7500.00 on a property you may not buy may seem like a lot, the cost of buying a property like this "blind" could result in total loss of your investment and being on the hook for amount of the loan.  

We will be putting $3,700 down, and borrowing $15,000 over 4 years at 5%, which is 4x the interest rate our relatives make on their savings in a bank CD, making both them and us very happy with the terms of the transaction.After closing, we anticipate ~$4000 in rehab costs to bring this very tired unit up to date, which will include refinishing the hardwood floors, complete repainting, new kitchen flooring, new counter top, new appliances, new lights, blinds, fans, toilet, etc.  

most people in the business that are busy will never, ever give you their contractor's info. it's like setting up your spouse on a blind date.

My question are twofold: are there any blind spots I am missing when evaluating this deal?

3 BR/1 bath asking $170k.Taxes are $9,062 (although I saw at least one other figure on a different website, I went with the highest)Here are my assumptions:closing costs - $4,000rehab/initial improvements - $5,000 (this is a blind guess because there are no pictures of the inside available, but let's not focus on this number right now...)Rent - $2,000vacancy - 8% ($160/month)property management - 8% (the calculator I used (downloaded from BP) uses net rental income for this, so it's about $147.16/month)maintenance - $1,000/yearcapex - $160/monthinsurance - $1,000/yearwith a 25% down payment and 4.5% thirty year financing for the balance, I net a whopping -.82%.  

Don't be the blind leading the blind.

Hi guys,My tenants has been living in the house for over 4 years now wants to upgrade the carpets, install new blinds and repaint a few rooms.She offered to pay for all of it as there is technically no reason to change all of this at this time.