Thank you for your input as a rookie getting into this you say not having to deal with headaches but in reality a vacant apartment is still a headache and a pm who is dishonest and constantly hitting u with inflated repair cost is a headache so even with a pm thier are still headaches.. but I thank you for your input I very much appreciate the education u guys and girls are giving me.

Population 20,000, diverse economy, blue collar retirement area, tons of cash flow deals, 1.8% vacancy rate and dropping (CMHC Apr 2015).I am 36 years old, have a wife and a baby girl, bought my first rental 12 years ago.

Students must live in campus approved housing for freshman and sophomore years, and junior and senior students with scholarships are also required to do so, however juniors and seniors without scholarships tell me they are anxious to live "off campus"Since apartment is one block from university, students can walk to campus, saving them parking permit fees.Additional income could be had by putting in coin laundry, soda/snack machines, and renting out storage units in basement as well as garage space.I have a friend that currently is the maintenance man for the entire university, and he is questioning students as to how much rent they are paying to live off campus currently.OPTIONS:  Rent furnished apartments to 4 students per two bedroom and two in basement unitRent furnished apartments to 4 students per two bedroom and create common area in basement for study/recreationRent all units unfurnishedOption to raise rents by including all furnishings, cable, wifi, cleaning service etc. with them simply paying rent and electric.FINANCINGtax value (not market value) 105,000Taxes $2,200 with no exemptionsProperty currently has a 30K mortgage left of a 55k loan previously taken out to "give first child his half"Owner, due to age is most interested in payments, and leaving remainder to 2nd child for "her half" Owner has expressed the following offer :30K to pay off current mortgage, and 250K to purchase an annuity that would pay $10K/year for his and his daughters lifetime.In its present state, I question whether the property is able to be financed FHA due to condition, though it is a solid building, the maintenance has been deferred.comps on property are practically non existent.MY SITUATION:I have perfect credit, and am about to flip a seasoned home with no mortgage and expect to clear approx. 70K.I am single, steady long term employment, and have no debt.I have a realtors license in inactive status, and have hands on experience with major property improvements.I am a "Dave Ramsey" girl, and debt makes me quiver...  :-)Note: Property is currently in a Life Estate Rev.

I'm a 32 year old mother of four little girls.

Here is the story.A girl rents an apartment in Steven's Square and ends up finding out her apartment has cockroaches a few weeks into living there.

@Jhanae Mooring Hey girl, Welcome to BP!

It was going well until I met some stupid girl and got married to her and decided to move into a house.

Also I would have a girl record your message.

You might if your target market were college girls, at a nearby girls school!

Remember that girl we talked to who was being evicted with her mom?