I would argue that it jeopardized the health and safety of the other tenants.

All of these items need to be addressed/fixed to a bare minimum current code/safety standards.

Also, be sure to check if the property you get has to be retrofitted / if it needs to be, as SF proper has recently been pushing / enforcing that multifamilies retrofit for safety purposes.http://sanfrancisco.cbslocal.com/2017/09/19/san-fr...

Setting up an LLC or S-Corp costs more but offers more safety when you purchase houses/apartments in the future which you will want to look into, but just use a Sole Prop for now if you don't already have one.Eric

If a hard money lender feels that the collateral is sufficient to provide a margin of safety, and the property will produce sufficient cash flow to service the debt, then the hard money lender will approve the loan, even if the borrower has a dismal credit history or credit score.

The safety of buying one property with a low monthly payment is ideal for the first-time, hesitant investor (my brain tells me) but I constantly come across BP members who went big with their first deal and were successful.  

I took ARV and subtracted what I wanted to make and then all costs including a safety factor for having to sell it low or running into extra repair costs.I think 70% minus repairs is pretty solid though.

This is for Triangle only, the Fayetteville portion is garbage.https://www.raleighnc.gov/safety/content/Police/Ar...This will allow you to see the crime heat maps.If you want up and coming areas you need to expand outside of Raleigh.

Safety is number one, so protect yourself.Notify the police when appropriate and get a copy of the police report.

KitchenBathsFlooring Lighting can be a major factor if you choose one or two spaces to add an interest/wow factor Of course, items such as plumbing or electrical that need updated for safety purposes are a given.