The hot water tank is also not mentioned. 

@Nathan LeskoThere are leak detectors that will cut the water supply off - which are used for hot water heaters, dishwashers and washing machinesTypically not on sinks because they are super sensitive and any water may shut off the water to the faucet which will be a maintenance nightmareIn this instance you can’t fix stupid.

I literally read so many people writing...I have a deal. need financing. need 100% funding. need partners to give me money...I understand if a property is hot or may move fast, but shoot, I can make 30 phone calls to lenders, banks, family/friends in an hour why are so many people entering into contracts without first finding out if they can fund it?

They said it was hot so they opened the windows.

I'd like to get some input on how much I could/should be spending on an investment property, given the fact that my wife and I will be looking for a home of our own in the next 1-3 years.We live in New York City, but I've been interested in purchasing a multi family investment property for a while now, and am getting the ball rolling on that.Our household income is around $180k/year.  

Dallas is hot right now, isn't it?

We don't want to fudge the numbers and end up in hot water because we didn't budget enough but we are unsure how to make an educated decision on how much to budget despite all we have learned thus far.

Since Jacksonville, FL is a hot market right now should I just make an offer to the listing agent or should I have a buyers agent help me out make the offer?

They need to invest where the market is hot and not in a town where the only thing moving is grazing cattle for miles around.Your calculations are not totally correct. $49,000 divided by $106,000 = 46% ROI.

Hi, I been hearing from everyone that Charleston South Carolina is booming for real estate, what I’m worried about is a “bubble” forming as everyone and their moms are saying Charleston is red hot and that’s usually the time to avoid an investment.