My agent had informed me that the seller, another investor bit off more that he can chew and needs to get rid of some inventory.

It is very valuable as it gives me things to chew on ...Yes, I wondered about the expenses myself when I talked to the sellers broker.

@Rob BelandGreat post with lots of meat on the bone to chew on, while contemplating which side of the fence fits the reader.In your case, clearly you are a landlord 1st and investor second and that is solidified by your occupation announcement on BP as well.Yes, the fact of the matter is that there are individuals who are really REI focused and are hiding behind the cloak of a landlord to sustain their income stream, while not servicing the tenants who are the lifeline of their business.Some are called slumlords and rightly so.My take is that you can wear both hats equally as a REI and landlord, but, landlording is more labor intensive as you know, than being a pseudo REI centric person or to put it another way, a money grabber who has no empathy for the source of funds generator......the tenant!

But, he is not to be ignored - he's earned, and I listen when he speaks...Now - Steve's concept of teaching, which is mine as well, is less about chewing the food and putting it in your mouth, and more about inducing thought.

It was to the point where she was paying retail just to do it.She bought an apt building that chewed up a big chunk and then bought a 120k house that was worth 120k just to use it all up to avoid taxes.

So much to consider...I will chew on this a while and get back to you when I've learned a bit more- Thanks again!

Don't bite off more than you can chew, and get the advice of an experienced contractor (and some quotes too) before proceeding.

We're talking about "flipping around" a fireplace, "bumping an exterior wall back 5 feet", and a host of other uncommon rehab moves, so we want to make sure we're not biting off more than we can chew so to speak.

@Ben Leybovich just chewed me out claiming I hung him out to dry:) For full disclosure, Ben is a genius ... not necessarily a RE investor anymore but a genius.

Here are some thoughts for you to chew on.