@Mike Hurney,thought about and tried that more than once....under water between 10-15k everytime I had my realtor buddy call in favors to bank appraisors 

The asking price is just a little bit more than the land is worth plus improvements such as, water hookup and sewer hookup and electrical not counting house.any rate, we can come up with the difference plus down payment of course. the house the seller and I agree, its not forgettable.

The drain backed up and downstairs toilet overflowed with what smelled like sewage water.

As a result, I will make it a point to track these factors at least annually, and adjust the location of my portfolio accordingly, as well as divest my portfolio when the overall trend slows.I will, however, continue to do pure flips out of my IRA LLC, thus obviating the impact of short-term gains from a tax perspective.

What I find with looking into real estate crowdfunding is that I think most investors are just investing on pure "faith", they are not doing much of their own due diligence on each deal.  

This is a duplex with one water meter, and we had submeters installed to divide the cost between the tenants, and we bill the tenants.  

These faucets don't always turn on or the faucets turn on when you don't want them to; the water temperature is either too hot or too cold; and the water always comes on full blast.

You get the perfect baby clothes, the perfect diapers, research and buy the perfect food, videotape every second of the baby's life.By the third or the fourth, you're just lucky no one has stepped on him/her and the baby is at least partially clothed and is getting food and water.

When I was up in the attic of one of my houses I saw water dripping below the screws used to hold the satellite dish.  

Details below: Contracted Purchase Price $275,000 Seller agreed to finance 20% down over 5 years and contribute $2k towards closing costs Building needs no works as the current owner has fully remodeled each unit including new roofs All units currently rented, approved for section 8 (if needed), and is current on all licenses/city inspections20 separate parking spaces that can be rented each month for additional income (currently bringing $150 per month)Coin-op laundry on site bringing in approx $175 per monthSee below for property evaluation: Scheduled Gross Income           $92,880.00Less 5% Vacancy Rate              ($4,644.00)Gross Operating Income            $88,236.00Less Operating Expenses Taxes              ($15,179.00)Insurance        ($2,645.00)Water              ($2,400.00)Sewer/Trash   ($6,000.00) Mngmnt (7%)  ($6,176.52)---plan on self managing but need to allow for it Maintenance   ($4,411.80)Total Operating Expense           ($37,022.32)NOI                                             $51,213.68Cap Rate                                    18.6%Our lender does not want to allow us to use the full 20% from the seller.