Also we inspect every six months, check for leaks etc. as well as talk to the tenant during the inspection to see if they are having any issues and did not put in a repair order.Sometimes during the inspection, they might mention small things (a closet door came off a track) etc.

Like Ramsey says, find a solid mutual fund, put in the cash and take a nap.

I'm assuming you ran the numbers before you put in the offer and you worked with a realtor who knows their stuff..

So, I got that itch late October, and put in another round of offers and this one was accepted.

We currently live at our owner occupied multi family and put in a lot of money into it this past year.

Also, the less you put down on one deal, the quicker you can move on subsequent deals.2) If you put a fridge/washer/dryer/etc in the home, tell the tenant that you have (insert appliance) that you plan to put in the unit if they want to use it, or you can take (insert appliance) out if the tenant doesn't want it.

Then I'd take a look at comps as far as what type of finish and materials they put in the home that your home will have to compare against.

At the same time he wants a nominal compensation for work he has put in on the property.

Make sure it is convenient for all those effected by it and needs to have minimal distractions.  

You can download all the forms you need, pull the best comparable sales with pictures, gain some basic real estate knowledge, put in your own offers.