As I understand, it would force her hand and make her move out early.

We hired a full building inspection done, then after that was done we personally walked through every unit with the inspection report in hand and looked at everything cited.

A 23 cap deal is even unreasonable for deals that were purchased after the crash for a bargain in 2009 and have now rebounded.If you truly have a deal on your hands my best advice for you is to partner with someone successful in the industry.

I would keep them though cause you're going to have another furnace go up and it's good to have them on hand to loan out.I'm betting its something simple to fix like a thermocouple or an igniter.

I have been studying real estate investing in my spare time for several years and my father and grand father have always owned a small handful of properties (in CA), so I've had some exposure to the gig.

@Peter Turner Look up the 50% rule using the search tool on the top right hand corner of the forums.

exactly....you would NOT believe what we have seen pulled out of the blower motor because they removed the filter (but forgot to replace it).We even had one filter so clogged it got sucked into the blower motor fins & was subsequently shredded.I can remember the days when you had to go in once a month & oil the blower motor bearings by hand but those suckers ran forever.

There are too many variables and I doubt having another borrower would always be discounted off hand as a minimum policy as there are usually exceptions.But, would I think you were trying to sneak one by....?

You can verify a deed changed hands by simply looking at public record.

Would love to hear from anyone who has great hands on experience...owns property here...and hopefully has lived in Austin for a while.I've traveled all over Texas for many years on business but never made it to Austin...It just seems like a really hip cool groovy place to live and work.