Himalayan Black Berries are a frickin nightmare though, so rent some goats to eat them, burn whatevers left (won't kill the seeds, but it gets rid of the brambles), and aggressively go after them when they try to regrow.

It can be somewhat costly and could severely eat into any profit margins you're able to earn on your first few rentals.

Likewise most hard money loans will eat you.

I Am hungry & I  Don't eat eggs :)

(floor joists likely need to be replaced in entire units or leveling of the home). subfloor has large holes in it so the whole place likely needs new subfloors which eats up a large portion of the cost as well as splitting utilities.- I sent my revised offer last night of $40K offer price as I can do some of the repairs such as kitchen cabinets, counter tops and flooring myself.- Found out title is having a hard time obtaining pay of amounts from mortgage company as it looks like a mortgage was taken out on the home in 2011 of $120K.  

@Tariq Bahay, eh, technically them maybe but I would probably just eat it this time and make a note to ask that before I sent the repair man out next time.

Disadvantages are 1) you have to live in the property (for a certain number of years following the purchase) and 2) that you would be required to have mortgage insurance, which eats into your cash flow.

Still deciding between hardwood or engineered hw.New deluxe eat-in kitchen (already gutted)Google Street ViewFrontRearFront Porch ConceptProposed Floor Plan with porch

I hold several rentals and the taxes eat up the cash flow.  

(technically was cashflowing $850 the first year, but not if you're living in it thus eating up a $1500/month gross a renter would give you.)(4-Refinance) You cash-out refi to get the 20k cash you invested back into your pocket. (5-Repeat) You've met the 12 month occupancy requirement from the VA and can move out to rent both sides out.