Based on my analysis using the calculator, with moderate assumptions,  I think this is a reasonably good long term investment.

I lurked for quite a while, but it was time to take the next move and join a large network of people with experience to learn from, diverse backgrounds, and similar financial interests.I am a moderate DIY’er and purchased my first home for $12,000 as a short sale (it was once offered for $3,000).

Moderate to Low Risk Areas: Zones B, C, and X -- Lower-cost flood insurance available to all property owners andrenters.

Cash Flow $402Cash on Cash is 15% if I figure I am in 32K after 25% doen payment and loan fees.Market rent is $800-850 if I wanted to do moderate improvements.Plan is to make offer and do inspection.

For Finishes I have three prices (Budget, Moderate, and High).  

I invest in residential real estate as well and know that is what BP is for, but I thought there may be members with expertise to weigh in on this issue as well.I look forward to the discussion and if a moderator feels that this discussion would fit better in another area of the forums, please feel free to move it.

I do not even drink alcohol.

I just purchased a 3 bedroom rental apartment and it has the little square tiles. And they are a MESS!  the mold and mildew in there is terrible- hence I got a good deal on the place :) . Anyway.... Should I install b...

Rarely if ever do we get a call throughout the year from them.However, we had one highly qualified tenant who happened to be an alcoholic.

Create moderate cash flow and build equity for retirement.