I love the "magic mop" that cleans everything when you shake it at the floors and walls.

They had a one page sheet to explain there profit lossEverything they told me at this point has not been verified.They take in $124,320yr.They pay 11821 school tax6500 village tax3000 town county tax5000 insurance 3770 for landlord electric and hot water for the whole building2500 for heat and electric for the rooms for rent 1700 for the cleaning of the shared space and bathrooms for the rented rooms (2 shared baths and hallways for rented rooms)375 snow plows500 general maintenance 320 lawn care4300 for village water and sewer. 

I started my career buying and selling bare land I like it.. especially carrying paper its a easier form of cash flow compared to tenants..

We run a clean honest shop Proven over 15 years of stellar results For our valued investors documented in our financials and track record .

Whats going to help me decide between the two is whichever is easier to get started in without a ton of financial capital.

There’s also tools like tunroverbnb which allows you to automate cleaning to make hem easier to manage.

Even if your wrong it's easier to recover from a $50k (Im including repairs) mistake than a $200 or $300k mistake.

I can barely get paint and carpet and cleaning done for these amounts.But I would think that even a pretty minimal rehab would be higher than what both estimated...and with the slim margins, I dont see a property worth buying here.

If there is insufficient funds to payoff both liens, and Seller cannot raise additional funds, IMO, the only CLEAN option is for Seller to do a "Short Sale". 

It will clean up existing scale in the system.