There is no question many a newbies do it wrong and can't get their heads above water while attempting a buy and hold biz, that is just not always the case.

Members here are always willing to listen to your challenges and get you headed in the right direction.Good Luck!!

thanks, reading sounds like a simple solution to such a complex business. ive read a few books and take a licensing course so i think im heading in thhe right direction.

I think David A. hit it on the head, motivation may not be as much of a problem for you as fear is.

Keep copies.Complain to the townhouse association, and the local animal control.

A business associate of mine, who is a real estate broker told me to be very careful about what I have stated in my Purchase Agreement.

Then someone fell in the lobby and bumped their head on the counter.

Unfortunately, the deals are even worse than that, because there is a cost associated with the downpayment.Here's how I would evaluate these deals:Deal #1:Gross rents: $2,400Operating Expenses: $1,200 (half of gross rents:NOI: $1,200 (subtract operating expenses from gross rents)Mortgage ($249K, 30 yr, 6.75% NOO): $1,615Cash flow: $415 LOSS per month (OUCH!)

All of your questions are valid and indeed need to be addressed to your "power broker" friend/associate as Mike suggested.

I am going to see this week if I can head into town and talk to someone at maybe to construction department to find out exactly why its uninhabitable aside from the kitchen and bathrooms needing work.