From a financial standpoint let's look at the numbers.Assumption debt is $1,692/monthly Rent amount $2,500Add 10% management fee of $250$2,500- $1,692- $250= $558 cash flow monthly $558 × 12 = $6,696 annually $6,696 ÷ $240,000(assuming principal paid from $260k) = 2.79% net return without any maintenance expenses Horrible return for that level of financial investment Or $60,000 to spread out as downpayments That's 3 $100k houses or 6 $50k houses $3,000 in rent using the 1% rule for 3 $100k houses (still...horrible return for that level of financial investment)$4,500 in rent averaging $750 per with 6 $50k houses. 

It's horrible, you should stay away. 

The laminate floors were brand new, but the we couldn't find the smell/source.. putting your nose to the floor, trying to find the spot of cat urine (b/c you can't see it), that's what I think of, it's horrible, humbling,   and not to mention just flat out disgusting... after that, we only do tile-- no exceptions.We also had another tenant move out.. he never complained about roaches, 1x he said "there's an ant issue"... and when he moved out, it was DISGUSTING-- horrible roach infestation,... seriously, I wish I did a better job taking pics, but just gross... this guys wasn't a druggy -- nope, clean cut military guy, so you just never know... seeing a beautifully redone place, infested with roaches, is humbling.. but you clean them up, call the exterminator, and move on!   

That said, I have no idea if your offer is good/fair/horrible.

Hi fellow BP members,

I'm currently under contract with a FHA loan on a duplex in Philadelphia and closing is today. The problem I'm facing is the property currently still had tenants that are in default on their re...

I've done some calculations and realized that my Roth IRA is yielding some horrible rates of return.

Just wish it was that easy in New York from finding property thats affordable to fix to even contractors here that are most all crooks and just do horrible jobs or want to take there time doing work.

Since 99% of people are not millionaires, and I would hope if they are, they would be smart not to pay cash for everything as their rate of return would be horrible, compared to a leveraged rate of return.

@Andre Smith, my guess is that the mid-seventies ones should have already lost as much value as they are likely to (especially if their design is horrible).

I'm sorry, but 5/11 are evicted, that's HORRIBLE!!!!!!!!