A property I am looking at is an 8 unit in CA, asking for $400K, rent roll of $4800 AND BUILT IN 1910.Building Amenities and Improvements include a New Concrete Driveway, New Stucco and Exterior Paint, New Main Electrical Panel and New Roof on Rear Building and New Mailboxes.All units have New Cabinets, New Counter Tops, New Windows, New Tiled Kitchen and Bathroom Floors, New Pergo/Laminate Bedroom Floors,New Electrical Wiring including New Sub Panels w/ Breakers and NewPlumbing.

Unless the wiring has been upgraded, you've probably got ungrounded wiring throughout and possibly a panel and service that need to be replaced entirely.

Even then, they'll discount the rent by a flat amount.Personally I found it better to purchase my principal residence first, save for a few more years, and then start with investment property.- Tom

I won't go into detail, but I bought 20 acres next to National Forest in Utah and made it self sufficient: 2 homes, 70' serviceable wind generator, automatic tracking solar panels, a roomful of batteries, a half acre pond (12' deep with rubber liner) and a deep well.It also had a 24x30 garage built OVER a concrete basement of same size with steel door entrance.

Flat tax I'm all for.

With lots of rain a flat top roof will be bad news.

I have used him for doing my series llc in texas and has open communication, Charges flat fee and does not charge for his time answering the questions over the phone unlike the other guy in houston who uses email only and expensive.

Some buyers would rather have you contribute to closing costs, or throw in a 50 inch flat screen.

Flat out bull***.

Jimmy,I've got one deal posted on BP already a greystone 2 flat in Garfield park. has unfinshed garden apt easily duplexed!