This "investor" is exactly who shouldn't be investing.Even worse than this, I heard he leaves the toilet seat up. 

After closing, I began searching for a General Contractor and started on some basic demo (removing old appliances, cabinets, toilets, rugs, etc.).

Depending on your appetite for risk you can invest in non performing or performing.You do not have to deal with tenants, toilets or termites and can get double digit returns.

More seasoned investors may have a slightly different opinion, but I would define a cosmetic rehab as anything involving flooring, appliances, painting, and vanities/attached items (such as  the toilet, bathtub, other components that make up a kitchen).

The listing says it is a 2BA, but the basement bathroom is a toilet in an unfinished section of the basement, and then a basin sink that's not hooked up to any water source, with a plastic tube for a drain that goes into what appears to be a shower drain.

If a unit needs a new toilet, garbage disposal, painting, roof, boiler, etc., you don't want to sweat it.As you get closer to Boston appreciation has to enter the equation versus consistent, reliable cash flow.

Probably not, or maybe I don't understand my tenants well enough.In contrast, if you saved and spent the same money on covered parking for your unit that might justify an increase in rent and therefore pay for itself over time.This is why I perceive capital expenditure to be a separate decision from your normal operating expenses (i.e. if a toilet breaks, you have to call @Brandon Turner to come fix it for you...and he doesn't work for cheap anymore)I'm know there are great discussions elsewhere in the forums about CAPEX if you want to learn more.Good luck!

However, if the windows in the master bathroom are opened and there is a slight breeze, there will sometimes be an odor present coming from the toilet room(Separate area of the bathroom for the toilet).

If you have a landlord that may be inexperienced, he/she may not catch several things on walk through, to name a few such as the following: * Plugged Toilet - Stopped up w/wipes, feminine products, etc...

The property was purchased three years ago as a foreclosure, and the owner then put a new roof on it, fixed up the detached garage in the rear, and replaced the furnace/boiler.I was able to pick up this property which wasn't listed for a cash deal of $28,500 through a contact I made.I'm heading over there today to take a look at a loose doorknob and a toilet that is running but other than that everything is good (for now!!).