Total Asking Price is 1.8 MillionMonthly income= $30,135Monthly Expenses (excluding debt service)= $15,003Would be looking at conventional financing of 5.25% over 25 years with 25% downOwner would also be open to seller financing

A key measure is Debt service coverage ratio.

It is far wiser to invest in purpose built rental income properties and not risk the damage or the decline in value when markets adjust.

It is providing society with a much needed service, providing safe, clean,  and adequate housing, emphasis on ," SAFE".I would also check with your local building department for what might be considered code violations.

I am quite capable of painting and have a hard time paying for services I can do on my own.

Though I did not use his services I saw his operation and work ethic and found him to be professional and innovative in his thinking and business approach.

DH is a network engineer and I have worked in ministry/non profit settings as well as customer service settings. 

We had a great experience with Crown Services on a full basement rehab. 

Funeral service is great, I love the aspect of what I do but I hate that it comes with the price tag of always being there for someone elses family before my own. 

A couple questions I brought up was how can we protect it for them loosing to insurance companies or medical (nursing home) with declining health?