At some point all investors will have to go thru an eviction but doing it on your first deal is not ideal..Definitely once your emotions cool down talk to a lawyer and see what options you might have..If for whatever reason seller changes their mind after you speak to a lawyer I agree w you it’s not worth it.

As a real estate investor, you need to have an accountant who is RE investing savvy and ideally invests in real estate as well or at a minimum has a lot of other investor-clients.

Value add will also be low but ideally you should be able to bring them to a more attractive return once they are stabilized.

Ideally, each month a portion of rent paid goes into the reserve funding category, because as a system ages, you are getting closer to the eventual day of replacing that system.This next thread has an approach used for calculating reserves:http://www.biggerpockets.com/forums/432/topics/86771-fourplex-analysis-help?

Not the ideal situation, as it is too hard to anticipate the cost.

and you have a parking issue, I personally would consider asking $575 and getting quality tenants vs. asking $700 and getting questionable tenants.For otherwise qualified tenants (good references, clean record, sufficient income but no savings), we sometimes take a minor initial security deposit and allow them to pay extra $ to build up the deposit (ideally within 6 months).  

Ideally, I would like to make REI my full time job and have several properties to manage around the area, but we are planning to start slow and not get in over our heads.We have found our first renter!

I know it normally involves a single tenant and a 2 year lease, making the program ideal for 1-bedroom units.

The negotiations weren't ideal - the lady I dealt with wasn't very responsive but ended up making the deal work and so far i'm happy with the experience mainly because of all the extra money we are getting!

We view this property as an ideal first home for a young family with one or two children.Comparable properties in the neighborhood range from $120k-$150K in 2010/2011 to $130K-$165K, and averaged $88/SqFt per sold home over that period.Needs: 1.New Roof - $7000-$10,0002.New Windows - $4000-$60003.Kitchen/Wall Removal (bigger eat-in kitchen) - $6000-$10,0004.Upstairs Bathroom (gut/replace) - $2500-$40005.Update Electrical - $1000-$30006.Patch/Paint Throughout - $1000-$25007.Update Front Porch (Curb Appeal) - $1000-$20008.Floors (Sand/Stain Downstairs) - $1000-$15009.Floors (Replace Upstairs) - $1500-$2500Addition: (6’x15’ Mudroom/Laundry/Half Bath off rear of house) This addition would help attract absolute top dollar by providing space for a first floor laundry room, an additional first floor half bath, and mudroom at rear entrance from garage.