After a year of stress and headaches, he sold it off and swore never to invest in an area he didn’t know again.From what I’ve read in the Wall Street Journal, investing locally gives you a huge advantage because you understand the market firsthand.

His little puppy ran by and slid right into the wall.

Essentially their model is to take a 3/4 bedroom SFH, put flex wall it to 6 tenants and rent out each room individually.

He wanted to know if it was due to a leak in the wall with the a water pipe, which it was not.

Quote from @Jaron Walling: @Jordan Fujan I agree with your spreadsheet over the BP calculator.

One, almost half of the front wall of the house and the garage was eaten away by termites..... 

Engage professionals to inspect major components such as the roof, plumbing (including sewer lines), foundation, drainage, electrical systems, HVAC, chillers, boilers, termites, exterior walls, balconies, stairs, rails, and concrete.

Then the walls for the living room and bedroom rooms fold out.

The land represents ~1% of the purchaseOn the contrary - if you purchase a $2 MM shack in manhattan on a postage stamp lot, the land could represent 99%Lever 2 - % of the property with a shorter useful life.Not all parts of a piece of real estate are depreciated at the same speed.Certain personal property assets have SHORTER lifespans in the eyes of the IRS vs the standard 27.5/39 year livesProperties with tons of this often have:- Over-developed land sites (hardscaping, pools, retaining walls)- Fancy Fixtures- Fancy Furniture (STRs!)

Walls come down, kitchens come out, and bathrooms get a major facelift.