I drew up a land agreement which stated that I allowed 30 days for buyer to pay rent or the contract could be terminated.

The purchase price is $1.45M, with a current rent roll of $13K per month (market rent is about $16K).

Even if I do find a good deal where the numbers line up inspections will cost anywhere from $500-$3000+ for a professional evolution.

next one coming up in a couple weekshttp://meetup.com/reiasf

Also that your contractors carrier will pick up coverage if they are working without permits? 

A full bathroom addition can potentially boost value by up to 20%, while a half bath might add around 10.5%.

true cash flow is only going to come either (1) after many years of ownership, when the property is stable and rents have gone up; or (2) with a completely different, probably tougher strategy or niche.think about a down payment, closing costs, light repairs, rent ready costs, commission to the property management company, then you fix a dishwasher, then in year 2 the furnace goes.

I ended up with one of the Harbour originated land contracts.

Give up a bit of projected return for an established operator.  

Interest rates are up-which affects both mortgage rates and savings.