Bill Gulley thanks for the deep insight into the possible implications. the idea of refinancing and adding the tenant to the title sounds interesting although we'd be limited somehow to 70% of the value of the property, since that's about the ceiling most lender will offer.

I had a identical conversation with a RE investor who has way more experience than I do and I didn't want to argue something I wasn't sure about but my understanding was the same as the answers given here.My followup question, He was stating that as an investor we don't want to keep a mortgage deep into its term because the percentage of principal of that payment gets high and our tax deduction becomes lower.

To be honest, deep down inside you just have to have a burning desire for it.

This week I am closing a $20+mil deal on one of my properties which brought me to your website for advice on how and where to make the next smart investment.Once again, I look forward to building new relationships here and picking the brains of some very interesting people who seem to have deep knowledge on the subject backed up by logical and realistic reasoning.

The challenging part of wholesaling is finding a property to control at a deep discount.

Send me some deep dish pizza, please!

Sounds like the ultrasonic clothes cleaning system, that didn't work either.In fact, if it's a small box about 10" hx 8"w x 5" deep, it's probably a new use for the old ultrasonic bug chaser

And of course the deep resources of BiggerPockets.

I hope you took a breath in between paragraphs.

Make certain your offer is conditional on not just a building inspection, but verification of the presence or not of these contaminants.If you find some of the above, it does not automatically mean walk away (pending your appetite for deep retrofits), but you need to account for it in the offer you put forward.4) Cash-flow: Initial test: get ahold of the building expenses for the past 2-3 years.