Someone said to appeal to the IRS using the "innocent spouse rule".

Bring me one or two pics that indicate what the exterior looks like (style, condition and curb appeal) and then one or two pics to indicate the condition of the interior

Given that others seem to be having problems finding deals in this area also (just my view of things from the forums), out of state investing towards the middle of the country seems very appealing, especially when I see people talking about 25K a unit.

What appealed to me about the wrap mortgage was getting my down payment back and the promise of a steady payment over time through the interest without having to worry about tenants, but I suppose at any time they could refinance the loan anyway and I would have to pay it off anyway.

There is a certain appeal to living in a separate structure, but you can't go head-to-head with the planned student housing units.  

There is certainly the appeal of buying in the path of progress, but I would be leary about potentially overpaying.

We own the equipment.Over time, a tenant could decide the cost of moving is more appealing than paying for an alarm system that they assumed was included.

I buy higher class houses that appeal to professionals.

Reading here and doing research is the only reason I’m confident enough to consider getting into rental properties (and hopefully build long-term wealth).I have found a property that I’m interested in and I’m curious to hear if you more seasoned investors would go for it.I know it’s impossible to know online, but I’ll give you everything I know: 2 Flat – both 2 bed/ 1 bathListed at $119k, realtor indicated that there’d be some flexibility so I’m hoping to get it under $110k.Estimated Rehab $15k (I’m going to firm this up significantly before closing).Rentometer says fair rent is $900/unit.My gut knowing the area is that $700-$750/unit is a safer estimate.Taxes of $4,600Tenants would pay utilities, but I’d probably hire a lawn cutting/snow shoveling crew.Visibly looks like a single family and surrounded by other SFH on quiet street near pretty good schools.A partner and I are able to put down 25% and pay rehab costs up front.It’s in an older, but relatively stable southwest suburb of Chicago.Taxes suck in this town, but otherwise it’s an appealing town for me to be in.If anyone has thoughts I’d love to hear them.

I've been working foreclosure deals for close to 40 years and "cheap" or even skinny deals do not appeal to me.