Maybe you take it because you might be able to make a couple of bucks for no money down, but add in the risk of Sub2 and I think I'd pass.If this makes money, why is this guy so desperate to give it away?

I've got a couple of questions regarding the purchase....So there are no pictures of interior of the house but I just emailed the realtor and told him that I wanted to check the house.

I'm planning to set up a Solo 401K, but I'm having trouble finding information about married couples with Solo 401K's.  

We have several doors we rent out by advertising on kijiji, and they go fast (couple days and were screening 5-10 app easy)  wish we had many more to rent out. 

It's a drainage issue and when it "floods" it get a couple inches in some spots and quickly goes out.

Long-term goals--all in preference.

Here are a couple of points regarding my experience.1.

Mostly 1br/1bath units with a couple 2br/1bath.

I started doing some home flipping from 2001 - 2009, then got into buy and hold.I am at a cross roads, so I recently sold some properties, in an effort to have a portfolio of quality over quantity.Not exactly sure what my next move will be, the big challenge for me has been learning about tenant issues, and dealing with some unexpected repairs, both my wife and I took a course and are IPOANS CAM Certified (Certified Property managers).We only manage our own properties, plus have a couple of hired property managers to help with some out of town units, however, I have been studying tenancy rules, laws, and have become addicted to answering property management questions.What attracted me to join this site, is all the different types of real estate investment people are involved in.I look forward to participating in the forum.Michael P Currie

The Association also has a couple of aces in hand, several units that were purchased during foreclosures in the depths of the recession that are now rented out, and could be sold to pay for capital improvements like new roofing.