I am meeting the listing agent/manager today at the property and I will discuss it with her.Thank You everyone for your inputs, I take every advise to heart to learn and ask questions-- If do get into this deal I will update this thread-

For instance, if a Landlord is now able to walk away with a check to pay-off any 15-year loan that is still in effect and keeps the $ difference up to the market value, then a totally burnt down rental unit isn't a financial heart-ache....but, he/she still owns the burnt or partially burnt property that would need to be demo'd, and property sold (unless the Landlord chooses to pay property tax on the land for years to come, as it wouldn't be very marketable in most cases)...or, is the thinking to let the locality incur the cost of the condemnation of the partially burnt unit?

. :)My wife has been warming up to RE lately.

Caveat: This is not for the feint of heart.

I think (not sure) for a relatively smaller increase in building costs, a bigger house would bring you significantly more ROI, especially since you have access to a large buying pool.One of the very nice features of the radiant heating is that the floor is warm.

@Tamara R. thank you for the warm welcome.We bought in the Centreville area.

@Alex Anderson thank you for the warm welcome!

You just have to warm up to the idea of 5 year ARM or balloon financing instead of 30 year fixed.

Thank you everybody for the warm welcome.

Thanks for the warm welcome, guys!