you have one go wonky on your while tenant is in.. contractors would double or triple the price. 

Option 2: Approach the owners and try to arrange a triple net lease option.

Hello All-I have the opportunity to purchase a 3-property portfolio all with a major chain store and triple-net leases.  

There are some pharmacies as well as (GSA) government sponsored agencies where you can hit 95 to 100% LTV.It has to be a strong area the lender likes,firm term the lender likes,investment grade,etc.It is not however no money down.For the purchase price the loan point is usually 1 percent and with MAI appraisal,site inspection,phase 1,legal fees,survey,etc. the cost to close is a few hundred thousand.These types of properties tend to be "zero cash flow" deals where the buyer is sheltering tax income and taking depreciation.The GSA are not triple net and are usually modified leases where the landlord has certain responsibilities.

Assuming a $200/mo per property cash flow after PITI, PM, and 15% additional hold-backs you could hold back $20k for initial reserves and buy 3 more like properties tripling achieving the same cash flow as if you had paid cash for 1 property while cutting your risk of tenant default by 65%.

The subject property is in the town of Carthage and sits on a double if not triple lot. 

As a first time investor, you could end up with renovation costs that could run double or triple what you were expecting.  

These homes are cash flowing very well, at some point as I reach my retirement years, I would like to exchange these properties for a multi-family unit or a triple net property.  

Under Obama's directive, the national debt tripled.

His rental agreement basically needs to be a Triple Net Lease b/c you’re not setting aside Property Management, CapX, OpX.