TL;DR I am a beginner investor, I have a flexible full time job, and I want extra income in general/to funnel into my REI business.

Let it dry, then underlayment and LVP as a floating floor in case there is movement.

WikipediaArea: 28.1 sq miles (72.78 km²)Population: 40,411 (2012)Unemployment rate: 10.2% (Jul 2013)Colleges and Universities: Fitchburg State College, Henris School of Hair DesignFitchburg economic development plan http://www.ci.fitchburg.ma.us/government/departments/economic_development/default.cfm Assessor maps and tax rates http://fitchburgma.gov/government/departments/assessors/assessormain.cfm Fitchburg Housing Authority 50 Day St., Fitchburg, MA 01420 978-345-1963 Link to Section 8 Rents page 23 has rents for Fitchburg http://www.huduser.org/portal/datasets/fmr/fmr2013p/FY2013B_SCHEDULE_B.pdf

 - Knob and tube wiring, screw-in fuses, low amperage feed to building - The historical designation prohibits freedom to renovate with modern materials - unlined chimneys - egress does not meet modern code (e.g. window opening size, 2nd egress from bedrooms) - cast iron internal waste or water feed lines - outlets are out of code (GFI for washers, over counters, in washrooms) - hardwired, interconnected fire alarms may now be required - old underground utilities or oil tanks that are not known - dry rot in floors from old water leaks - trees have deep roots that entangle waste lines - nothing, absolutely nothing, is plumb anymore. 

-What kind of terrain: Flat, hilly rocky, clay, sand, H2O, Silt, Grass, Dessert, Mountain, Disiduous, Trees, Dry Lakebed… -We go look.com is a great site to have someone physics go to the property and take pictures and notes if you are unable to.

So, in the last 4 years this is what I have accomplished; 1) flipped around 12 properties 2) bought into 5 plex in Lebanon 50/50 with my son for $375,000, rehabbed some and increased rents to market. 3) bought into 8 plex in Forest Grove 50/50 with my son for $642,000, rehabbed all 8 units and at market rents. 4) sold 5 plex in Lebanon by owner for $545,000 and invested into Crowdstreet Opportunity Zone in Atlanta, Ga. 5) bought fixer 4 plex in Albany, Or rehabbed, and rented at market 6) bought 2 fixer 4 plex's near Western Oregon college campus, rehabbed, and rent at market. 7) started hair salon, pretty much failed, and got rid of it 3 years later. 8) refinanced 8 plex and pulled out $100,000 on my portion to pay off debt. 9) Majority partner refinanced 72 unit building and received $145,000 I used towards debt.

People plugged in 40 disco balls to make the shag carpet really pop, and then plugged in a bunch of lava lamps and hair dryers which the wiring wasn't designed to handle, much less covered in advanced insulation. 

I still have a shred of doubt about what the immediate future brings when it comes to tenants being willing to pay or having jobs once stimulus and unemployment dries up. 

Barbers want you to have long hair.  

With robust rental assistance programs tenants were willing to and able to pay more, and collections saw historic highs and vacancies saw historic lows.Headwinds are what the multifamily industry is seeing now, with rental assistance programs drying up and rents pushing affordability beyond what tenants could naturally pay, we’re seeing vacancies increase and rent growth stall or decline in many markets.Headwinds can also provide more opportunities, so headwinds aren’t totally bad, but the business plan would have to be sustainable for a longer term deal to weather those headwinds.2.