Glad to see someone from Bowling Green, KY on the website! 

I actually suggest you cap the allowable bill back amount to secure their interest, and then be willing to eat it in the event a pipe breaks, etc. 

@David Greene maybe you can help out or refer Elle to your contacts.

HM will eat you up if you are not careful plus they usually like working with people who have some experience.

@Justin Green Don't let asbestos scare you - if you have to remediate it, it will certainly cost more than regular demo, but it isn't something that you can't price into a deal and still make it work.

and or reporting this condo on your schedule E at all?

If I am not taking certain facts of operating as an REA into consideration please let me know why and how they may effect my investing goals.These are very green questions, so thank you for your time.Sergio Rodriguez

Although, I might have to rerun the numbers with flood insurance which will eat heavily into our cash flow.  

I have never owned property before, so I am pretty green. 

i can eat that every single day!