Low maintenance, good A+ tenant, long term appreciation up the ying yang and good ole fashion pride of ownership. 

Vickie Yang If you haven't done so, separate all RE transactions should be on a separate account.

Cha Yang are you looking at the MLS for finding properties?

@Frank Yang I am not lending my own money I work with a private firm as an underwriter and take on all projects.

Also the majority of the owners we negotiate with are not professional real estate investors, so they often prefer discussing sales price in terms of "price per pad", as opposed to cap rates and GOI/NOI.

You pay a local licensed contractor wIth a good reputatIon to accompany you for a second look .have him look over all the structure and systems etc.. have him do quick quotes on issues he sees on a legal pad as he’s walking through each room have him check the wiring the roof the furnace the plumbing .

@Johan Yang Thanks for the reply.

Has a list of people waiting to rent there and is getting $675 per unit. 2 years ago one of the tenants left the gas stove on with food cooking and it burned down the 3rd unit, due to insurance reasons he had to remove the building pad as well after demo.

@Frank Yang Great tip!

@Frank Yang isn't wrong; however, some lenders are only going to be concerned with the amount of liquid reserves you have vs your taxes, pay stub, w2.