Maybe I'll get lucky and one of the three currently lined up will pan out and I won't really have to worry about this.I have tough criteria so I should probably include it.

Sometimes you $170k can't all be active in deals because of tax payments.Some people prefer to make money in real estate without having to wrangle contractors or fix toilets or get milked dry by property managers.

Demo Total Bath and kitchen           Walls and ceilings           Windows, doors and trim         Floors where damaged         Rent dumpsters           Total labor 5580             Exterior Painting           Pressure wash house         Caulk where needed           Paint house           Total labor and estimated materials 4850           Foundation         Reinforce existing footings         Replace floor joists where needed and install new subfloors   Install new floor joists in addition to level with existing house   Total labor and estimated materials 8875           Plumbing           Replace pipes throughout       Run new pipes to accommodate new layout     Replace main water line         Total labor and materials       7500           Insulation             Install insulation in attic         Install insulation on walls       Total labor and materials 4580           Electrical           Update electrical throughout       Total labor and materials 7850           HVAC           Install a new HVAC system       Install new duct work       Total labor and materials       5890                                                                                             Interior work         Total Open up living room to dining room       Create 3 bedrooms and 3 baths         Install sheetrock on walls and ceilings       Mud, sand and prime walls and ceilings     Total labor and estimated materials     12785 Trim work           Install baseboards throughout         Install trim around windows and doors casing   Install new interior doors       Total labor and estimated materials     4850 Interior Painting Paint ceilings           Paint walls           Paint trim             Total labor and estimated materials 3580 Wood Floors Repair wood floors         Install new floors in addition       Sand and stain floors throughout     Total labor and materials       6750 Master Bath Build a concrete pam in shower         Install hardy boards on walls and floor       Install tile on floor and walls throughout       Install sink cabinets, toilet, and faucets       Install light fixtures and accessories, install glass shower door Total labor and estimated materials     7500 Guest bath         Install tub             Install hardy boards on walls and floor       Install tile on floor and walls         Install faucets, sink, and toilet         Install light fixtures and accessories     Total labor and estimated materials     5750                                                                                           Guest bath         Total Install tub             Install hardy boards on walls and floor       Install tile on floor and walls throughout       Install faucets, sink, and toilet         Install light fixtures and accessories     Total labor and estimated materials     5750 Kitchen           Install hardy boards on floor         Install tile on floor           Install cabinets           Install sink and faucet       Install door knobs         Install granite and backsplash       Total labor and estimated materials     7500 Roof Remove old shingles and repair plywood Install new shingles (25 year warranty).

COC notes will generally out perform owning the asset .. and its true mailbox money .. no tenants toilets or trash or crime LOLI lived in palo alto for years so I know what you mean about 2 blocks you just cross 101 to EPA and back in the day it was VERY dangerous..

I don't have the time or patience for tenants, termites and toilets - and the landlord/tenant laws in MA are WILDLY tilted in favor of the tenant.3.

If then the numbers don't pan out (Too many items in need of immediate repair), it just wouldn't be a great investment for me make.

The newer valves are pressure-regulated, so if a toilet is flushed (or another shower is turned on), the pressure may drop a bit, but the temperature shouldn't change much.Maybe it's easier/cheaper to upgrade the shower valves than changing the water heater setup?

Including utilities, internet, cable, consumables (toilet paper and such), and a bi-weekly maid service keep the drama to a minimum.

@Chris Purcell Easy, that's because most prequals/preapprovals are worth about as much as the toilet paper in your bathroom.

I'll look into that first and then see how that pans out.Then if that doesn't work I'll ask you about the 1031!