If all the systems and mechanicals are old the repairs will eat up any expected returns for years if things go perfect with your tenants.The key question is if the previous owner did a lot of deferred maintenance and kept hoarding cash instead.The HOA doesn't mean anything.They can go defunct or increase the dues or add special assessments.I like to keep control of my investments so do not like deals like this where you are betting on an external party to maintain your property.

I bet it would cost you less than 2% of the rent on average.

OTOH, if its galvanized, all bets are off.

IMHO, you best bet is to get in tight with a community bank of about $1B in assets.

As mentioned there are errors, are you ging to bet your money that you didn't buy a property based on some error?

Either sheet goods or real tile is your best bet.

Usually, the best bet to do that is to remove the toilet and run from there, unless you have adequate clean-out access plugs available.If your problems are on the lowermost floor, you could easily have issues with your main out to the street or septic tank.

And where it came from.Draw at least the cash column, the loans and the property.

Originally posted by "**********":How about if you make a bet with me?

Your local Real Estate Investors club is prob the best bet!