Sometimes the tenant will fight even though the house is more legitimately functional but you would cut your odds way down with decent maintenance work. 

They will eventually leave you with a bill.Once someone is past 60 days past due, cut them loose.

They cut out two holes (one is maybe 2x4 and one is maybe 1x1) to dry it out and sprayed chemicals to prevent mold, and then the holes were patched up and ceiling repainted. 

Was it normal rates for you, or did you have to cut prices to get it booked?

Would you just avoid these tenants or perhaps stick to year-long leases and not cut them a break if they want to move out early?

How are people taking advantage of the low interests and the fed cut?  

That's why I think the off-MLS marketing technique is a way for licensed agents to market to the public w/o marketing to other agents, thus cutting off broker cooperation.

@Michael Ablan With the recent tax cut, the C Corp looks much better since the overall tax rate is even less, so you can keep more money in your C Corp to keep flipping. 

I love the mentality of just getting on-base, Michael, so that you can get into the game, but this is looking awhole lot like you're leaning your head into the strike-zone hoping to get hit by a pitch that might do more damage than you realize.Somebody else mentioned it already, but what you have budgeted for Repairs, Vacancy, and CapEx just won't cut it on a property of this vintage.

Cut to more recently- the State Police raided the property and reviewed with me the extensive criminal history of the wanted fugitive son living next door.