Since majority of them make emotional decisions rather than more logical ones.

Have I missed anything major in my calculations or plan?

The “As-is” part of the sale wouldn’t require major expense up front and the value could get back up there with a little TLC, which quite frankly, I would be looking forward to.I realize cash is king and if I had it, I would make the deal and buy the house.

TO me it seems that major repair/replacement is the most important: 1) water heater/plumbing2) HVAC3)Roofing4)Electrical5)foundation(I'm in Texas, terrible foundation problems)Does that sound about right to you?

But, that is not a major requirement at this time.Does this exist and where can I look for it?

Try the accounting department doing accounts payable/receivables and work along-side the accountants and learn how to crunch the numbers.

It would be one thing if they had a major medical condition that could be cured with a sizeable inheritance.

The vast majority of newbies fail in this business and a newbie has little chance of succeeding with such a large project.

The truth is that the vast majority of newbies in the rental property business fail in a relatively short period of time.

I am actually a psychology major and a social work minor.