This way seems to work for me, but heck I barely graduated high school, what do I know....ha ha Sean K 

Kilz oil (I’ve used their water based “restorer” series with success as well) walls and bare subfloor.

He is tickled pink.  

All told, you need more money than you think you will, and if you are barely cash flowing $100/mo with a 5% repairs and maintenance, and another 5% capex, you are very likely under reserved.Second is investors thinking that a Class C/D property will cash flow more than an A/B property and area.  

Lents not so great.I did a 1031 out of Portland into Hillsboro and am having a good experience.Attorneys suggest and most property managers use what they call low barrier screening which allows people in who can barely afford  your place and they want to house people with criminal backgrounds suggesting you are discriminating if you don't give offenders a chance.

If it was bare to the metal and rusting, you need to get all the rust off, and make sure it is bone dry before putting on the patch.

I literally mean never, even the 2007-08 crisis they did stop growing but barely went down.

We likely would barely get enough just to cover that water bill.

As a newbie, I could have a 50% margin of error though, so it may only barely qualify as a 1% rule if I'm mistaken or at best may meet above and beyond 2%.As for living there, after we literally drove through there during daylight hours ... my fiancé finally realized he didn't want to live there lol.

If it earns $20K from a fix and flip, and you and B are 50/50 owners, each of you has $10K of taxable income.