Quote from @Jim Reynante: After owning properties C/D neighborhoods with high crime statistics, I have experienced all of the things that go along with it: 1) High turnover rate; 2) Tenants that don't care for the property; 3) Little/No appreciation in home value; and 4) High Crime Rate (burglary, vandalism).I am pretty tired of fixing broken windows, fixing broken doors/locks, and painting over graffiti.

Even if the units you tour aren't the one you eventually buy, walking around the area and getting a feel for the property types will help you be a much more informed consumer when you are ready to pull the trigger. 

And now presented with the risk scenario they go into attack mode.Yeah, back to start, it looks to me as Marco is pulling triggers that were always there, going to plan Y, Z etc...

Transferring a 1031 exchange property into an LLC shortly after purchase typically won’t trigger immediate tax consequences for your wife if the LLC is a disregarded entity, as you file jointly.This post does not create a CPA-Client relationship.

If you do pull the trigger and buy something, it's likely going to get worse in the first 3-6 months after closing.

:@Matthew Paul not if the oil tstat is located in the locked boiler room.

Hi @Ramada Evans - I recommend doing a bit more homework on the deal before deciding to pull the trigger.

Recently, I was debating whether to lock in the mortgage rate for a single-family home we're purchasing in December, especially with rates spiking recently, or wait until after the next Fed meeting and election to be finalized.

Reminds me of the house I bought that had 9 dogs locked inside.

🎯 I get it, though—pulling the trigger on the first deal feels like stepping off the ledge.