@Mark Flanders No, I've never consciously questioned the property appraiser info, unless it was obvious.  

An unexpected problem just eats up your free cash for the month.

I figured a condo would be easier, because although the condo association dues would eat some of the return, I wouldn't be exposed to as many repair variables.But it's very interesting thinking of using some financing.  

I wouldn't in good conscious be able to charge a tenant that's already paying over market rent for my mistake.  

That payment would of course eat into cash flow, and that's what my concern would be.

However, all of the conventional loans require 20-25% down which will eat up a lot of my capital.  

When you are doing your first deal if you have time or cost over runs they can eat the deal up. 

Hard money isn't that risky, it's just expensive, so you have to be very conscious of your rehab timelines as that could make the deal a dud.You'll have to talk to your lender as to what their requirements are, but 70% LTV is pretty common, so you would have to put down 30%.For contractors you can drive around that property's neighborhood and look for other rehabs happening, and ask them their availability or for referrals. 

You could be exposing yourself to anything from drug-resistant disease microbes - including, possibly, "flesh eating" bacteria - to black mold to potentially lethal allergens.Is your health worth so little to you? 

The rise of Foreign Auto eating into the Domestic Auto Markets was a sure sign, all you had to do was look at the stocks of each of the big 3.