@Austin Prewett, rookie investor = house hack your first deal.

., I'm in a market with older houses and I don't think the age of the house has much to do with the maintenance cost.

Your insurance costs look high for a house in that price range.

The property we want has been vacant for 2+ years now and it’s 4 houses down from us.

Or are you living in it, house hacking, flipping? 

Living in Los Angeles, looking to start house hacking and putting the high rent toward building equity.

Purchase price: $90,000 Cash invested: $50,000 Sale price: $289,000 4 family building purchased in distress in Mount Pleasant neighborhood, previously owner occupied for quite some time, the owner could no longer care for it.

Homes that appeal to our target tenant segment range from $320,000 to $475,000, so the supply of housing we target remains almost the same regardless of how many new homes are built.DemandPopulation growth drives housing demand.

It's still structurally a house, a non-profit just moved desks into bedrooms.

I guess I could regain possession of the unit but I am the owner so it is quite ironic to spend so much to get back what you are supposed you own....I also own properties in Dallas and I have evicted a few tenant there before.