BUT, despite my desire to get started, I chose to put on the brakes and educate myself, to forego possible short-term paydays in favor of long-term risk mitigation.

Currently the property has 2 tenants paying 775 for each unit = 1550 one of the tenants will vacat once I take over the property , va allows 60 days once I take ownership to move in so the mortgage brake down is below For a 30 year fixed with 4.5% rate you’re looking at the following monthly: Principal and Interest: $430.68Insurance: $85Winter: $3.58Summer: $161.75Total: $681.01Benjamin Allen So at 775 - 681.01= 94 positive cash flow and the live for free , then I'll move in a year do the same thing Matt Castle the roof is 4 years according to the sellers discloser agreement and the other big ticket items will be part of the inspection right ?

Early this year, I am once want a Tesla P90 - I like the "red" disc brake which kinda cool. 

Slam on the brakes and stop the deal if you still can.

HVAC units need replacing all the time... toilets and pipes be a braking, all the time.

As stated here, asbestos siding is not a problem as its sole existence on the side of a house is not a danger to anyone, just as asbestos brake pads on a car in a driveway is not a health threat. 

I would like to help but please put the brakes on and get all your ducks in a row.  

Hi BPeople,I’m looking into buying a possible Brrr property, a triplex on a C+ neighborhood that is up and coming.The property has been empty for a wile and there is a current person that keeps braking in one of the units.I believe the problem will go away with better locks, and tenant in place, I’m just not sure if I should be dealing with this type of nuancesAlso, my contractor walked the property with me and told me that the total renovation will take about 10month to complete, which I’m not sure if is reasonable or not, but in this mean time the units will continue to be vacant.What would you do?

It's a downhill train with no brakes and you're just delaying the inevitable.

You can't see it in this picture, but the ones I buy have a folding cover, so nothing can spill out of the top in case I end up doing a hard brake in my car and things go flying.