For the first 2 to 3 years I will be deeply in the red, but by the end of 10 years I will profit $1.5 to $1.8 million, or about $150,000 to $180,000 per year for a $975,000 + $200,000 investment.I am 100% positive that the majority of real estate experts and so-called pros do not do the math, thoroughly nor correctly.Go to bestlineplumbing.com, scroll down the home page until you see the link MS Access Software, download the free software and do your projections.I am paying cash for the property, but my projections show that if I financed the property with 30% down my profit at the end of 10 years would be about $200k less, or $1.3 to $1.5 million.

That said, the BEST way to assure all that horror doesn't happen, is by keeping things as thorough as humanly possible; detailing directives, pre-agreed, for literally any and every potentiality in life, AND keeping things simple. 

I have heard people say that you should really do thorough screening and approval of tenants but given that they have been good tenants so far I think thats probably good enough!

I worry $20,000 might not be enough if there are hidden repair costs that aren't initially obvious.I'd recommend getting the house under contract at a price you are comfortable with and doing a thorough inspection to ensure your rehab numbers are accurate. 

Hi everyone.I’m looking for a reliable and thorough home inspector in the Fort Walton Beach area.  

Just keep writing offers.I agree many OMs need to be thoroughly vetted as most are overly aggressive and probably even more so now that interest rates are rising.Happy to connect to see how we can help.

You can minimize your risk by knowing the area and buying only in good neighborhoods, getting a thorough property inspection to make sure there are no major issues and lastly, find a good property manager.

thoroughly review relevant family facts, including whether or not the deceased died with a will, the names and addresses of all heirs and other parties in interest, including their relationship to the deceased and (if relevant) their marital histories and whether or not they had children, the goal being to clearly map out the deceased’s line of succession with reference to applicable sections of the Estates Code;2.  

Trust only yourself and be thorough; in this business surprises can be expensive.

Thank you for that thorough reply, Randy!