At the end of the day we did not move forward because of all the possible unknown fixes needed.The ninth one also had bad basement issues that were uncovered.

Statistically, approximately 60% of all returns reviewed uncover overpayments, with refunds due to our clients that average $6,000 plus interest.IF THERE IS NO REFUND – THERE IS NO FEE.

You need to get as good a handle as possible on its actual and potential income, as well as its actual operating expenses (to the extent that you can uncover them) so you'll know what your NOI is.The fact that home-price appreciation is irrelevant to the value of your property is actually a good thing.

Some specific things in different markets are easy points of differentiation, though, like indoor parking or covered parking vs. uncovered outdoor parking, elevator vs. walk-up (if low-rise), construction, amenities (pool, dry cleaner, etc.).

Anthony,:welcome: to BP.If you put in the time you will uncover deals.

I'm sure they know there is no lie that wouldn't be uncovered, that has not been an issue.

I intend to buy between one and four properties that may or may not be in the current state I reside in; this is all contingent on the opportunities that present themselves or as I uncover them myself.

I grew up in the city where they are located so I know they are in stable neighborhoods (not declining but not improving either).Prop #1: 10 units in 2 adjacent buildings.Price: $280000Down Payment $70,000 and Mortgage of $210,000Annual Rental Income: $47,500Annual Expenses (incl taxes, ins, mgmt fees): $25,400Net Operating Income: $22,100Annual Debt Service: $16,284Positive Cash Flow: $5,816 (22,100 - 16,284)CAP rate: 2.1% ($5,816 / $280,000)Prop #2: 10 units in 1 buildingPrice: $229,000Down Payment of $57,250 and Mortgage of $171,750Annual Rental Income: $56,100Annual Expenses (incl taxes, ins, mgmt fees): $29,903Net Operating Income: $26,257Annual Debt Service: $13,320Positive Cash Flow: $12,937 (26,257 - 13,320)CAP Rate: 5.6% ($12,937 / $229,000)I'll obviously do a thorough inspection done of each building to uncover any capital construction needs or deferred maintenance problems.Any thoughts?

So I build historic exteriors with all the details but interiors with the things modern builders want.I have flipped a lot of homes as well and when you buy a property to flip you never know what you are going to uncover or run into as far as issues.

Question 1 intended to uncover any attachment to the house.Question 2 should get her thinking about some of the nasty things that happen to houses either by weather, neglect or vandals and squatters.Question 3 is intended to reach into the depths of her mind to reveal her thoughts about the future plans for the property and if it's a burden, etc.