., B to B+ area4/2/2 built 19731400sq ft149kest: 40k rehab ARV $249krents in area on 3's going for $1800-2250, no 4 beds under 2500sq ft in area to compare rent ratesI asked the agent if it was sinkhole home, because numbers sound like one.. but claims not, states the home is currently owned and lived in by investor, investor bought home in 2001 for 90k at auction, has lived in it since and never put any money into the home except kitchen with new appliances.

A comparable SFR in the same area would cost more than 2 times what I paid for the townhouse and I would have higher expenses, taxes and insurance. 

The Borrower may not assign its rights or delegate its duties under this Loan without the Lender’s prior written consent.Joint and Several Liability.

ROI is much more useful as a barometer for comparing your investment to those of other investors as it eliminates leverage in the calculation (though it still includes interest rates & that may make comparisons different).Hope that helps!

What I see that is different in this economic cycle compare to the last is that people are able to work despite not having an employer.  

I had known there was a tenant, I did not know they had just moved in 5 weeks prior.

How does this units water usage compare to nearby houses/units?

It is excessive to deny a new tenant because their prior residence had an infestetion!

Short Term rentals are definitely a different element compared to long-term (family) rentals. 

You should have 100K or more in equity to protect before it makes sense to spend that money - compare that with how much you spend in annual insurance for the same property/equity.