As a follow up, what do you think are specific endorsements one should get in additional to basic insurance and how much would be a reasonable amount to cover to.Thanks.

The seller states he wouldn’t look at anything below 475k According to BP calculators i can make a profit of 28k if I buy it at 480k which is basically my entire year’s which is what i am paying in the rent in the same bldg.

I’m a general contractor that specializes in cabinetry and finish carpentry. I don’t build cabinets, I actually contract for a couple shops to install their product in mostly new homes and some remodels. I’ve been t...

Know that you will not have an option period so you need to know what repair costs are for basic items.

Forget real estate, fix the basics.....income, expenses, etc.

Basically subbing out most of the work to each specialty tradesman.  

Lots of questions about land, permits, sewage, and the basics. 

There are two basic terms when describing rental properties.  

What I would do and recommend is that you use the 2nd scenario to improve your negotiation position, get a massive concession from the seller (hopefully) and then take a more resourceful and nuanced approach with a mudjacking type of solution if it is feasible, etc. 

I think SLC is following the same basic trend but we will see, thanks for sharing!