So you would break even in less than 3 years.Percentages lie. 

Generally for rental properties, owners have had to make updates and repairs over the years so they’re not in too bad a shape.The only regular exception to that I see a lot is knob & tube wiring still in the walls, basement and attic, and often still active (though owners will always say it’s not).Banks and insurance companies really don’t like knob and tube so you can either try to get the owner to remove it (fat chance in this market) or buy with private/hard money, remove the knob and tube, and then refinance to a regular bank loan.Sometimes people get away with lying to their insurance company and hoping the bank appraiser doesn’t notice it (they often don’t, since they do a fairly cursory inspection) and then removing it first thing after closing.

Anyone who tells you driving for dollars doesn’t work is lying to you.

I have cause to evict. and here is something I just ran across: "To regulate the new moratorium, federal officials say tenants can be fined $100,000 for lying on their declaration forms, Bridge said."

That responsibility would lie on my shoulders.

(backstory, he cheated on his wife and lied to all of us about it.

I do not have a team of my core four yet, because I wanted to see if anyone had tips on how to stay organized or what technology you use when it comes to communication with your agents, property managers, contractors, and lenders?

They have to apply for non-eviction Under Oath, which means if they lie they purger themselves, with all the legal implications that entails.

The contact agent represents the seller, it is not likely that he would lie to me like that, but he does represent the lawyer, I want to make sure I do my due diligence.

Their technology shops for the lowest rates from multiple providers.