Set aside something each month to cover for it when it does need repair or replacing.Hot water tank: 10-15 yrs max life, $650 if installing yourself, otherwise $800Furnace: also 10-15 yrs max life, $1500-$2000Roof: $7000-$17000+, depending on size and condition.  20-30 yrs max life.  

I've have many discussions about trying to remove at 80%, or 78% of the initial appraised value and they're not having it, though I don't want to refinance as it's at 3.5% over 30 yrs.  

Without a discount I think you'll find the $9k ish in closing costs and the higher rate will make you wish you saved for your next purchase organically  5 or 10 yrs from now.I'd wait a year or 2, ask the seller for a discount and save up for your next buy. 

I was told by someone who has had 30+ yrs of experience in Indianapolis, that almost all the MF properties in Indianapolis are in C neighborhood. 

House is in need of the following capex items soon....Roof/Gutters/Insulation and Third Electrical curcuit box (Common area).If I used a Heloc to fund the capex items it would take 4 yrs of investing all cash flow into paying of the Heloc.

@Caleb Heimsoth good point, tenant is retired @Frank Chin I never really considered the tenant at as a PM but you are right My gut tells me raise it $15-20 in a few more monthsIt would cost 5-7k to rehab the unit It hasn’t been touched in 40 yrs

Listen, I am the King of the oddball number thing as for the last 20 yrs, I've made my Qualification letters oddball amounts and have had to argue with realtors all the time over why the letter is for example  $804,117  purchase price  vs

If something gains say 40% in 3 yrs but your play is long term buy and hold then that 40% doesn't do you much good.

Countless hours and sleepless nights attempting to change the life of my family over the past 3 yrs,  and just thought maybe I just need to reach out to someone. 

I have an amortization table built into my Excel sheet which is awesome for seeing 10 yrs out mortgage paydown.