I would not spend too much time on trying to buy the second.

Do you have to spend a lot on renovation?

Figured I could spend the money on property instead.Jim p.

The local laws could be such that you have to spend a ridiculous amount of time getting the project approved and built.

I have been so caught up on how and what to spend money on that my business is not receiving what it needs.

Some lenders will go up to 40% (maybe 50%) for your mortgage BUT do you really feel comfortable spending that much of your monthly cashflow on just the roof over your head?

I can get a gutted double, or ran down place for about 15k, or I could spend 45k and get a rent ready duplex?

To all of you who like 3+ BR’s: Do you find that you spend more money on repairs and maintenance at turnaround?

This last down cycle FHA took severe losses of about 1.7 billion ending it's fiscal year in Sept. of 2013.

I know that house will need some work after she moves out, especially because she was smoking in master bedroom at one point (stopped after I found out), so I might have to spend money to get the smell out among other things.