No major companies have come or gone in the last 15-20 years.

Having the city so close by has made it very easy to rent - I've never had more than a month-long vacancy in five years of being a landlord, and that's if I spend the majority of that time getting the place ready for new tenants.

When viewing the house there seemed to be major water damage from the top floor.

If everything checks out and there is no major maintenance issues, it seems like it would be a good property.I would also ask to seller to see the terms of the lease with the tenant.

To me that says major leaks getting worse, or a car wash / laundromat operating out of the building. :-)Ryan, Brian may also have specific recommendations for a contractor for you.

.$$ for a drafting company stamp$$$$$ for structural engineer servicesI currently have to fork over $$$$$$$$$$$$ for engineer to help me do site revision on commercialSo get your degrees it will help you and your networkingI went to an engineering school, too bad all my friends aren't local, I was business major.

We ended up spending WAY more time than expected and our income per hour was pitiful.It seems to me that the majority of people who sign up for a program like this are the type of people (frequently, not always) who want it all handed to them without doing the work themselves.

Steve Babiak good point, 50% sounds high to me but it's a hard statistic for me to gather because we're a velocity based note fund so the majority of our assets are resold.

I can make those decisions with an email or access to the following information.The address of the housePictures of the following Kitchen Bathroom(s) (tub, vanity and floor) Roof (reasonably closeup) Front View Rear View Furnace AC Hot water tank Window, typical of the majority in the house Garage door Fireplace Driveway/Sidewalk Garage if free standing Main electric panel Anything wierd, or destroyed that is not on this listSome rehabbers may want comps, I run my own.

What I would ultimately love to setup would be a seller carry back deal where I put the money I do have as my down payment, get the rest from the seller as a second, and finance the majority of it through a tradition institution.