I'm interested in a master bedroom/bath addition to a stone ranch I'm buying.

I located a rental from the mls. 7 units. 2 commercial, and 5 residential with 2 bedroom and bath. the building is a total of around 12,000 sq ft not sure how big the commercial spaces are.

Accidentally double post

Your age would make me caution you again before spending anything without having many 2nd and 3rd opinions from people with more experience in RE and more life experience to help evaluate and double check any purchases.

Christy...Thanks for the "mini-education"...it's obvious I have a lot to learn!

Double check everything, ask to see as much documentation as possible--a landlord's prior tax returns almost never underestimate the costs of repairs and maintenance.Do the necessary pre-purchase work and trust your gut!

I am also sick of being played - tenants who suddenly burst into tears on rent day because they dont have the rent yet, behind the bedroom door, there are several newly purchased garments from the mall.

First thing I would do is double check what "market rates" really are because if you're wrong even a little you'll have an empty building on your hands.

., square footage, bedroom/bath).

Home prices in various metropolitan areas for the 2nd quarter -- there are still some double digit growth markets, but if you look at the overall, growth is small or non-existent (the midwest is pricing at 2% lower since last year).http://money.cnn.com/2006/08/15/real_estate/metro_prices_table/index.htmWhat does this mean, especially coming from me?