As a professional RE networking site we should be able to use full names and proper pics and many on here do.

I picked up the payments as an heir, where I paid the remaining balance of $14k.

There are a lot of details to make it work properly. 

Text is not legal communication for proper notice regarding rentals.It's a good way to remind people. might work out for late rent reminders for you.. but if it get's beyond that.. paper trail.. and emails.. don't count either.. 

Forgive me if this isn't posted in the proper forum, I am still getting familiar with the site.This is the 30,000 ft view of a property I am currently looking at. 

That leaves less than $89K of potential equity once existing liens are retired.Not knowing how much tax is owed and the balance of the present first mortgage, I suspect there is not even enough equity here for you to purchase the property for the sum of the existing debt and not drown.  

Without the proper coverage you could be paying all the cost to rebuild the inside of your unit out of pocket.

The buyer of the house should expect some continued movement of the house as it ages, but can greatly reduce any future movement with proper maintenance of the property, including keeping soil conditions consistent, not allowing excess or lack of moisture. 

This conversion was done without proper permitting and approvals from the city and obviously the additional bedrooms are not showing in the county records.

My end goal is to acquire as many as possible for long term passive income.My question, as the title suggests, is how to properly analyze a deal and what MOST folks like to use as a measuring stick to be considered a good deal.Brandon Turner says he only jumps on a rental that will bring a 12% cash on cash return after everything is accounted for (PITI, vacancy, maintenance, cap ex, management, etc.)