Check your local laws, and if your heating system has a timer, you may want to reduce the nighttime temperature by a few degrees, if your water pipes are not particularly susceptible to freezing.

Some are more expensive than others (HOA) fees, some have central water and sewers while others have well and septic systems; most all have recreational facilities; you will find a wide range of prices, dues and taxes.  

I became a landlord on pure, dumb luck when I moved to Chicago three years ago.  

Ceramic is resistant to water, more so than laminate.

In terms of pure RE like with any huge city space is at a premium so except a tiny living space but from my travels to Europe that is also true there (if not more so).

It Has plenty of public road Front and power, but no public water or sewer available. property should sell for about 15k of the MLS, I offered 5k cash or $200 for a 3 year option to buy at 6k.

I'd try to get a well rounded market that has positive rental cash flow as well as potential appreciation rather than a pure cashflow play (like Columbus) or a pure appreciation play (like LA).

Not touching a place and selling higher has no justification for a higher price.Legally, you can forget about your "buying under the market value" junk, that is pure guru talk.

-About 500 sq ft of random areas of outdated 80s flooring-Water heater is from '91-A/c 6 years old-Roof looks good-Mandatory $100 social club fee at the Weston Lakes Country ClubThe house next door sold for 205k. 1740sq ft it sold outdated BUT had 3 bedrooms.

It looks like there won't be much need of repair -- I estimate $5000 at most.All the utilities are split out for the 3 units, except for water, which is $200/quarter.If I estimate 10% Vacancy, 10% repairs and maintenance, 5% capital expenditures, and 10% property management fees (I will mange it myself), I get NOI $11,362, cashflow -$212, CoC return of -3%I believe it's in a good location/neighborhood, one that I wouldn't mind living in, and it's close to Newark Airport.I would really appreciate your thoughts.