There is a shed like room attached to the back of the actual restaurant and the tenant wants to turn it into an actual addition of the restaurant...  

Can anyone shed some light on this?

Does anyone have experience buying a property that old that can shed some light on this?

Account Closed - the porta-potty is a real selling feature ... or is that just a plastic shed?

I'd appreciate it if anyone have has experience with Philadelphia rental properties and can shed some light onto property tax problem I am facing.

Well, it's not as exciting as those guys who seem to make 3 million dollars out of a burnt-down shed and unicorn farts, but.....I got my Indiana RE brokers license today!

Shed some units?

It is a 1993 4,100 sq ft home, 3 car garage, all brick, and sits on 1.72 acres with two large sheds.  

I would have to go through an inspection to see what the major factors are, but to shed some light on my personal situation, this would be a out of the box purchase being my first deal and I would need to rely on renters to cover my mortgage until I could put enough in the bank to build up a little safety net just in case of some major capital expense or if for some reason there is a long vacancy period.  

I broke this down assuming you rented both units for $750 and you'd be about even assuming 10% vacancy rate expense, 5% repair costs, and 10% for property management fees (may need it one day and if you don't use property management, this budget could go towards surprise expenses).And, if you build up 20% of equity and refinance, your mortgage payment should drop by about $100 per month by shedding the mortgage insurance.