Hard to find comps near by for triplex just because there not any in this area  but duplex newer in last 10 years go for 128k.Her is their major issue they have one of the units rented they get 300 month, and they have another tenet moving in 15 of july but that unit needs at least 4k worth of work after last tenet destroyed the place. the last unit need total remake estimate 10k and basement I was wondering what to offer for property and do lease option, no money down any suggestions on matter greatly appreciated I want it for buy and hold for my portfolio.I have the money 4k to fix unit and time to do it.

For example, if you have a $300k condo, only the walls in are the landlord's responsibility so how much coverage would be appropriate in the event that the property is completly destroyed?  

Closing Costs [ ] Recording fees [ ] Note stamps[ ] Intangible tax [ ] Credit reports [ ] Loan transfer and assumption charges [ ] VA funding fee B. [ ] Loan origination fee [ ] Loan insurance premium [ ] Loan discount not to exceed_____ [ ] Transfer Tax [ ] Wood Destroying OrganismReportC. [ ] Appraisal [ ]Survey [ ]Title Insurance Policy __________ [ ]Other_____Seller Will PayA.

I realize a 5.5 cap deal is an all cash deal but typically cap rates move with interest rates so if we get rates bumping up, the cap rates increase ultimately destroying your equity.

Man i destroyed the post.

I did include in my contract that the property had to be in the same condition the day of closing as the day I made my offer, just for good measures in case they destroyed the place.

Tenants with professional jobs that live north of Herndon can destroy your property just as much of lower income tenants.  

Beside the water heater in the garage and part of the kitchen was destroyed, the rest of the house was untouched except for some soot and smoke.  

The owner have pretty much destroyed it through bad management and deferred maintenance.

If the HOA hast planned well, just one assessment could destroy all of your projections.Find out exactly what their rental cap rules are and make sure they work for rental purposes and find out if there are any grumblings about changes to their policy.