"In a small town on the South Coast of France, the holiday season is in
full swing, but it is raining so there is not too much business taking
place.

Everyone is heavily in debt.

Luckily, a rich Russian tourist ar...

Stated income loans have vaporizes out here and you need 2 years tax returns to go full doc if you work for your self.Who ever is going to get the job needs to stay in the same field.

I put down a $.50/sq. ft. underlayment with vapor barrier as well and I'm really impressed, as was everyone that has came to look.

I'd suggest a vaporizer to your toking tenant.

Brandon,Like some other parts of the country where you live it sounds like CAPS are low for multifamily as it has overheated on appreciation and speculation plays.If you want more of a return say 9 to 10% annually then looking outside the state might make sense.With 170k you could structure this way.1.Find a free and clear property and put some down for a private note owner finance .2.Line up lender finance but ask the lender if they allow the seller to hold a 10 or 15% second.Generally a lender wants a 75% LTV.The 170k you will need about 12k to 15k at least for due diligence.Environmental phase one,vapor intrusion,site inspection,cost reserve stable,survey,appraisal,closing costs (title,transfer taxes,etc.).So that leaves about 150k depending on what you set for reserves.With you putting 25% down that is a 600,000 sales price.Seller held second at 10% and you doing 15% down = 1 million purchase priceSeller holding a 15% second and you doing ten percent you are now at 1.5 million purchase price.As you can see leverage can greatly help you go into a much bigger property which grows your income stream faster if you to do right.3.You can partner up with other investors to own a larger more quality asset and your equity share is spelled out in the operating agreement.

I also put 6 mil plastic on the ground as vapor barrier and also to keep clean should I ever need to go under there. 

There are signs of fungus.Plumbing should be inspected further by licensed plumber, for repair needs.No detectable structural issuesFurnace works properly (2015)No evidence of termitesCrawl space needs vapor barrierRoof in excellent conditionAll electrical outlets operate properlyThere are few gutter/flashing/siding repairs to be madeI'm using the inspection info, to complete a scope of work, using a template from the J.

If they did not install a vapor barrier or have foundational leakage, you could have moisture trapped there and it could be developing into a bigger problem.  

We moved all of it, put a vapor barrier down and vinyled the whole house.

The vapors from those chemicals probably is harmful.