-- the water was beading up through the tape even just an hour after the repairman left), we got a good look at the rest of the space around the pipes... and saw the images that I'm attaching below -- at least two more *visible* 'pinhole leaks' on the copper pipes above the kitchen ceiling, and some wet spots, along with what looks like a dark colored mold/mildew.  

I think requiring to use an online system like Venmo and such could be added to your lease for the future so it will be easier for you to keep track of payments!

But assuming that the first year is predictive of the following years--and this is a big assumption, you better watch out---then it tells you that besides everything else, the investment will not be adding to your liquid cash, not draining it, returning 10% liquidity to your cash invested per year.The idea with many investors is to put as little down as possible. 

BUT if a handicapped person is selected to rent the property and asks for an accommodation that a  tub be added, then you must consider this accommodation, and if it is reasonable you must do it. 

I would pick an area that is B/C class with a housing inventory that has some value to be added with strong rental demand and ideally low enough crime for you to feel comfortable going there at night.

Obviously no good for the purchase, but since you already paid cash and I presume will be adding value, it depends what it appraises for.

I would be adding $2300 in management fees and approximately $9000 in debt service (assuming $140,000). 

So, I am working with seller to craft a win-win-win (front-side and back-side) for all parties.ARV: $350,000.00MPP: 273,890.00Repairs: 17,500.00Potential Profit: $45,500.00Holding Days: 60Images to be added soon...

So, I am working with seller to craft a win-win-win (front-side and back-side) for all parties.ARV: $350,000.00MPP: 273,890.00Repairs: 17,500.00Potential Profit: $45,500.00Holding Days: 60Images to be added soon...

So, I am working with seller to craft a win-win-win (front-side and back-side) for all parties.ARV: $350,000.00MPP: 273,890.00Repairs: 17,500.00Potential Profit: $45,500.00Holding Days: 60Images to be added soon...