We went through this January during an extended rehab.The Sulfate-reducing bacteria can survive in both your HW system & water softener due to lack of use.

I can look at this two ways - - 1) Having a dishwasher may open my tenant field and reduce vacancy time. 2) People that knowingly rent a property without a dishwasher are willing to do dishes, and therefore likely willing to do regular household maintenance?

I would even consider stopping payments to your 401K or at least reducing them to the amount that is matched (if any) until the debt is paid off.

Yes, it is possible, to a degree but to do so you need to take into other considerations as to the local market, property condition, credit issues, qualifications of the borrower and ability to reduce the UPB, the term involved and issues of predatory dealing which is an issue in commercial lending as well as residential.Big misconception of money types and dealers is that if my deal is a "commercial" transaction, I'm free to do whatever as commercial is viewed as being between sophisticated parties.

I today's market investor buyers are a large segment of the marketplace in many areas.By excluding investors as buyers, the HOAs are actually reducing the number of buyers in the pool, and reducing the selling prices.

If landlord pays water use 60% costs.Any immediate repairs would need to be deducted as CAPEX from purchase price.Verify rents are actual rents inline with market and that there was no first months rent given half off or free which will reduce total market rent per month average per unit.

We are obligated to present all offers to our sellers and work in their best interest and sometimes that does mean showing them that a low offer helps reduce future carrying costs and financial issues.

If you are going to embark in this real estate investment journey, you will encounter this situation many many times again down the road.Investing in Real Estate requires that you use other people's money and those people will always request from you that you show financial discipline.If I were you, I would find an additional income source (second, third job), reduce monthly expenses to the bare minimum, ... etc.A few months down the road, you will be in much better shape.

Once that’s established, the lender will reduce that amount by another 25% to determine qualifying income.

Once you bought it for $104k, try to appeal and get your property tax bill reduced.