I can tell you that you'll need to budget for furniture if you'll be doing short-term rentals. 

I'm sure you've noticed that Car dealers, Furniture stores, Granite showrooms, Etc all tend to use this.Unless you absolutely cannot afford to be close to JT, go for it.

Then you might have a wharehouse where the bank stores records, furniture, whatever.

Don't worry about the private mortgage insurance company - just make the offer you want - one that will give you a sweet equity profit or cash flow - you are a buyer - you need to satisfy yourself.What I'd want to know is;how long on the marketexisting financinghow many times has the price been reduced and whenwhy hasn't it soldhow much can the seller take back in a note - a second or a non secured notecan you take immediate possessionmake your offer subject to assignmenthow much can the seller give you back at settlementwhat can the sellers add - all the furniture - a home warranty - money back at settlement - a delayed settlement can they financing 100% of the purchaseask for a study period with possession

Go with the newer house as you should have less surprises in terms of financial repairs.And decorate it the way you want so that you create the charm with your furniture, etc.

No storing of indoor furniture in the outdoors (common sense, but not always to tenants).

He has a passion for teaching and wants to focus on that instead.His property manager admits to me that there are two drug dealers on the property and that she just doesn’t feel like kicking them out.She also tells me they have pet fees, but she discourages any pets because its such a pain in the butt for her.There is a now leasing banner, but you would never know because it is just hanging halfway off.The pool has old mildewed furniture and is out of service.The vacant unit smells like Cheech and Chong had a party there that morning.You walk into the leasing office and it feels like a dungeon.

I don't even feel motivated to decorate nor install new furniture if another flood is going to ruin everything again.Edit: I apologize if I posted this in the wrong category but I am very much trying to use this opportunity to officially start my real estate journey and take it serious rather than let what happen to me put me down.

Fast forward 2-3 weeks and this "friend" has a large dog (which had gone the bathroom on the carpet in a bedroom) and had moved furniture in.

It hasn't sold purely because the owners live 5 hours away and are trying to sell in FSBO and the pictures online are still from when his 90 year old parents lived there with ancient furniture and decor. it makes a 2010 house look like its from the 60's.Again, I really appreciate your time to give me your two cents.Rental Income (1400 monthly)Less: Operating expense ($1786 taxes/insurance, 6%vacancy, water, trash, repairs, capex)Less: Mortgage payments (0% interest $850 monthly)CashFlow$16800- 5064-10200+1536