I believe they may limit it to 3 or 4 unrelated people under one roof which I think is a state law but I would call the city zoning office to confirm.

Vacancy 2% lowYou are going to need probably another 5% down payment.No rehab?

I know a lot of investors who are selling all of their properties that are 15+ years old; for fear of upcoming repairs (roofs, A/C & boiler).

The email stated that the underwriter has assigned an action for me which read as follows: "The shed is in poor condition and needs the following repairs: rotten soffit and fascia, roof replaced and trees at the back cut down to prevent further damage."

It is exactly for those reasons that my tenants will have a roof over their head one year from now, in a building that I still own.

That leaves no money for roof, appliances, hot water heater, hvac,bath and kitchen remodel, etc.

And like Lesley said, everyone needs a roof... it's a basic need. 

But you'd hate to see 2 years profit wiped out by a new roof or something.

Camp#2 – Have credit cards to be used only as an ‘emergency’ – Don’t know about you but if you’re not able to make your payment for the roof over your head... that does constitute as a personal emergency.

Creating a fantastic kitchen, changing all the lower level windows, cutting trees around the perimeter of the house, changing the roof and adding 100% new HVAC system. 100% renovation of the 2 bathrooms and creating a non existing outdoor patio.