Still, I managed to lock it in for $145,000 by emphasizing how much TLC (and cash) it needed to bring it back to life.

The other thing could be tracking what you have had come up on the last 5-10 projects after closing, i.e. the water heater was at the end of life when we bought the last 6 out of the last 10 properties.

Such a sad situation we are in, as their life's savings are at stake here... 

@Nate Pucel The depreciation basis for a rental property includes the purchase price plus the cost of renovations and improvements that add value or extend the property's life.

What’s exciting about your journey is that NYC has so many unique opportunities—you’re not just buying a place; you’re investing in a lifestyle.

Explore my personal favorites, Set For Life by Scott Trench or The Total Money Makeover by Dave Ramsey, for invaluable financial insights.3.

Both units are approximately 400 sqft, "yurt-style" cabins with large decks.

What is not helpful is the assumption that some responders made that the root cause is the PM's communication style was not to my "liking".

To deepen my understanding, I've also picked up David Greene’s book on the topic.I genuinely look forward to connecting with seasoned investors in this community and learning from their real-life experiences.

As long as the buyer prioritize lower monthly payments and is confident that they can manage the long-term cost of a 40-yr loan - If the buyer plans to stay in the property for a long time.Also, be sure to weigh these two drawbacks to a 40-year loan (paying significantly more interest over the life of the loan and building equity slower as compared to a shorter loan term).