Tar damage and smells would be considered normal wear in that situation.I would recommend changing the smoking policy immediately.

#1 I would ask....other than that these deals fell in your lap, would you normally invest there? 

Next time, as you will read here, always treat the lease back as a normal rental to a risky tenant.

Best case scenario (or worst case depending on how you look at it) is that the initial price reduction because the sudden influx of build lots hitting market, will be offset by the spike in material and labor prices and you see continued normal growth/appreciation in the market.Its no different than where we are today.

Affordable real estate and great lifestyle to switch it up from the West

I know I want to start with SFH or multifamily as it fits my current lifestyle to invest in that area. 

This is normally expressed as a percentage and that percentage is of the ARV.

This is normally expressed as a percentage and that percentage is of the ARV.

@Justin Tylus I know from my clients in Raleigh that the permit office is running slower than normal.

I want to start getting into multifamily rental properties but cannot wrap my brain around getting into that much debt even if it means a more comfortable lifestyle with the increased income.