The problem comes in when you keep swiping and then all of a sudden you are spending more than you make because you think "oh I can pay for it later" Message me if you have any other questions...GOOD LUCK!

Why in 2005 did it suddenly blow up?

Once u have that and your mothers bills with the sudden changes in usage, file a small claims action against the owner of the property. 

Be sure you get flood insurance, surge insurance, etc. 

I must ask, has anyone ever had a rental property in which things all of a sudden go wrong and you did not have the funds to fix properly while tenants were in place?

.#4: At the moment, unless the world of realesate suddenly calls to me (it may, I've enjoyed learning the ins and outs so far) I am far too busy for a super active role in real estate at this stage.

I have seen "cash" buyers put a property under contract....then suddenly not be able to come up with the cash once it's under contract and have to modify it to a financed contract.

All of a sudden an $8000 kitchen (appliances, counters, cabinets, etc) turns into a $10-12,000 kitchen to accommodate all the electrical needs.

That's likely where you're going to find some corrosion, and your plumber will suddenly tell you they have to saw out a significant section of the stack and replace that with Fernco couplings above and below the joint, which will require more demo than originally planned.Sadly, it's also likely where someone might to see a problem happening, realize that explaining the issue to you will take time and invite suspicion that he's cheating you, so in will go a single, much smaller Fernco coupling running to the 1 1/2 branch and a couple years from now you'll have to open the tiled wall up again.

Their return re-surged the market.