Her take-home pay is less than $200 a month so I am 100% certain her inability to pay rent has nothing to do with her being laid off.

You'll hear there are lots of note opportunities, but it dried up to a fraction of what was out there between 2010-2013.   

If my fee is about 12-15K or more then I'll do a double close with dry funding.

Otherwise a 401k is crippling their growth by sucking their liquidity dry.

Replacing the flooring & the minor drying needed cost us $5000.

=======Locate the septic feild(s)(s)(s).Have a scientific drinkability test on the tap water for any contaminates.Beware of big (and small) spiders in the basement.9 x 9 tiles are probably asbestos, same for the glue used to hold them down.Wiring and electrical panels may be at end of service life.Florescent lighting may be circa 1960 (I dream of Jeannie) lacking modern non-buzzing startups and be way to many for modern use (electrical hogs).Don't drink any of the water (or even get it splashed on you) without having it tested first.The building may have city water and well combination.Find all abandoned septic fields.Find out if the fire suppression equipment is up to spec with the local fire dept--inspections, types.Without a roof and with many broken out windows insurance may be hard to find.Paint--expect lead (the pealing type) of paint.Assume anything with capacitors-(HVAC, Florescent troffers, Kitchen electric motors, food service garbage disposals, etc.. )-the capacitors are bad--do not turn on until checked by a competent technician.Look for a basement.Look for fallout shelter(s)(s)(s) underground separate from the building (Duck and Cover Turtle era).Look for steam heat system and have it inspected for possible use or demolition.Look for abandoned wells, that may have dried up or were too contaminated to continue use.A phase 1 enviro would have been a good CYA move--you can bet any buyer from you will get one...Pay to have a written professional inspection done of the building to get a consolidated look at the things you will be facing.

While occasional precipitation and wind can occur, the desert climate keeps it relatively dry with low humidity and a small chance of rain.

You must dive in; however, keep your powder dry until you have seen/inspected at least 100 properties. 

This will be my first multi unit purchase.Im in escrow on a 3 unit, 3 single 2bx1b homes on one lot.purchase 225k it needs 150k in rehab per rough estimate from contractor , 2 rent @ $1100  and 1x $1200. this seems to put me over 8% return after refi.down side the units are old 1938. unit 1 is half way through full remodel down to the studs, 2 and 3 are complete but old, some siding repairs/dry wall, paint fixtures and carpet..My fears1.

I washed my hands, dried them, and couldn't unlock my phone because my skin was too dry.Technology is great . . . until it isn't.