His records were inaccurate and he hadn't been collecting rent, and the building was stealing electricity.If/when I decide to sell, I'm going to provide rent roll and rents collected, utility bills, repair receipts, etc.

I'd avoid Cook (Crooks) county but the rest of the state is pretty decent!

Unless it is a really killer steal, your Practical options are probably at best to recoup any Actual expenses on this deal, and move on.

If you want to make more money in the future, you will have to step up to higher price points or absolutely steal a deal (not going to happen if u shop on the MLS.

Because, you're basically putting a great big neon sign over your rental and saying, "unoccupied, please steal my copper!

@Terrell Garren  I am stealing that line   " REI is about as passive as a Heart Attack" love it..

Is this a good deal, steal, or neither?

And lets not forget about the real estate crooks that ended up in San Quentin  for securities fraud know a few of those.

Apparently the foreman was stealing money from the owner, the owner's father died and those two things made the company implode.

It wasn't a steal by any means, we overpaid a little bit and had some headaches to finalize the deal, but it worked out in the end.