Buying the property right is the reason I made more money when the Great Recession occured while a lot of investors, specially house flippers...they went from flipping houses to flipping burgers.The only way I can buy something above market value is if I can create more value in the property AND only if the property cashflows on day 1.Otherwise, PASS.

I am looking into buying a property but it has one of those old steep staircases circa 1890sIf I carpet the stairs and put up bilateral rails am I still on the hook for personal injury if it occurs?

He says cleanup/touchup will be occurring next day or two.

It occurs when you have UDFI, Unrelated Debt Financed Income.

I just moved a couple of months ago and it really didn't even occur to me to give a new address, because noone ever mailed the rent to me.

Rent could increase if any damage occurs at the property, even if it’s not your unit. 

A change will occur. 

However don't over leverage your properties, when the next economic contraction occurs they will all lose value and you could creep over your loan to value and be required to make a capital call.

The mitigation of risk over 2-3 families as opposed to a single family will boad well for you in the event vacancy occurs (it will) in that same breath you are dealing with more tenants now so more headache, HOWEVER it appears you are looking to hire a PM anyway s oa reputable PM will go a long ways in helping relieve that headache :)550k could get you a triplex or even a 4plex in many parts of Sacramento and Stockton.

If you look at all the other towns along the front range with a similar geographic position located right up against the mountains, with a canyon road going into the mountains, and what has occurred with pricing in those towns, it seems Loveland has a lot of long term upside potential.