.* The best insurance quote I have had is 23k for building and general liability coverage, quite an increase and has a net affect on CAP rate to 6.9%* I have asked for a reduction in price or rewire but seller is not willing to do.

My card stands out by the feel/weight of it. 

When buying a buy and hold, how much weight do you give to the current tenant situation?

Your entire "rent" payment can go towards savings for the next property, debt reduction etc.  

We brought over two window shakers for the tenants, putting one in the bedroom window to make it more comfortable for sleeping at night.Tenants were understandable about the situation; neither group even asked to be put up in a hotel (which would have cost more than $100) or have a reduction in rent.  

So she pulled out a clause in her lease that states reduction in rent is owed.

Properties which fall outside this range are not necessarily amazing deals (if <40%) or dead weight (if >60%), but properties whose operating expenses are 70 - 80% of revenues are unlikely to be "deals".Regardless of how useful you find the 50%(ish) rule of thumb, you should always conduct a detailed analysis before offering to spend your money.A {contrary} observations to the above two posts: neither CAPEx or mortgage payments are operating expenses.BTW:  Property taxes are not "double" on residential rental properties in NB.  

Hi guys,I was looking around redfin today and I saw this property that has not very much info, but it's been on the market for 5 months and had a price reduction already so I'm gonna assume it's not a great deal.

Or should both play a role and one has higher weight than the other? 

Finally you could try to make contacts in your local reia that do lending and start to build that relationship in hopes that they can put less weight on the low credit and no job because they know you personally and know what you do and how you run your business.