WHILE cooking, WHILE EATING, while ...

Wise people say to put it in writing and share with the world right.First off I want to share a quick thank you with @Ethan Cooke, @Avery Carl and @Kendra Levy for the excellent conversations I have had regarding your experience and approach on building your portfolio in this business so far. 

The inspection period or financing period where you should be able to walk and get your earnest money back if something is wrong with the property or you discover the seller is cooking the books doesn't really hold any weight anymore.

On top of that, the lady that had passed away was a chain smoker, and the place stunk sooo bad.Here are my numbers:Purchase and closing costs: $102,000Rehab and Holding Costs: $53,000Refinancing costs: $8000ARV: $230,000Total Equity in the end: $67,000 +/-I have not found a renter yet, as it is winter and I just finished 2 days ago :) But even on my low end rent estimate I should cash-flow $100/mo+, and my high end $400/mo. 

ACCESSORY APARTMENTSDefinition“ A second dwelling unit that is part of an existing one-family detached dwelling, or is located in aseparate accessory structure on the same lot as the main dwelling, for use as a complete, independentfacility with provision within the accessory apartment for cooking, eating, personal sanitation andsleeping.

Too many cooks in the kitchen = a mess. 

People are very gentle on the properties, they typically arent doing any cooking or using appliances it or anything like that, but we definitely still have Cap ex, and that’s one of them.  

Yes, the smoker will deny it. 

This is exactly the kind of cockamamie scheme I'd cook up to break this lease at minimum cost.

Originally posted by @Kyler Cook:@Aidan MulliganSome dogs are bred for war.