We have had a plumbing issue due to tree roots but my cousin is a plumber and I use him to maintain it and also use root x.

Rent is $1,000 per month, there is no mortgage, taxes $3,500 with the tenants paying all the utilities so the cash flow is very solid and it will be fairly easy to rent in our hot market.

Ya I was going to say this is right up there with tax evation and other ways to screw the govmit.. dont' get caught no big deal get caught and you will probably wish you had not.. plus its just not fair to the investing public..

You can see if the seller has been patching and fixing with cheap and improper repairs to suck out all the cash flow  instead of properly maintaining the asset during ownership.

I’m in it for cashflow and long term, so numbers need to work now, but I can generally work with a 5 cap if there’s room to increase rents with fairly minimal work involved (kitchens/baths/floors).

It will be fairly apparent as to which way to proceed based on location...happy hunting.

I have been thinking about covering the hardwood with LVT since it would be the same floor all over the house instead of having lvt next to hardwoods and LVT is easier to clean/maintain.

@Carlos ZapataWhat terms would you advise I ask for to be fair for both parties? 

Larger Industrial property is a fairly hot area right now due to the e-commerce boom so you might find a bank that's interested. 

I'm a fairly new flipper, I've only done 6.