AND I will point out there is added missing details such as where does Cap-X stand, where in life-span of mechanical systems is it, how much deferred maintenance, yeah, little annoying things I like to call facts.

For you, I would recommend walking as many properties as possible in your free time to get a good idea of the mechanics of a home.

@Charles Tucker Kimbrough I'm a native Montanan over in Belgrade and a mechanical engineer in my day job.

It's different if he's letting a pipe leak and destroy your floors or cabinets, and of course you don't want to run your compressor without freon (most units have auto shut-offs that won't let the compressor run with low freon), but things that aren't emergencies for the unit, if he doesn't tell you for weeks, then you get to them when your people are able to schedule, and that's that. 

s advertised short-term rental listings have been illegal since the ordinance went into effect LOS ANGELES (CNS) -- The Los Aneles City Council approved a motion Friday aimed at strengthening enforcement of a city ordinance prohibiting unpermitted and non-compliant Airbnbs and other short-term rental operations.The motion by Councilwoman Nithya Raman and Councilmen Bob Blumenfield, Mike Bonin and Paul Koretz instructed the Department of City Planning to report back within 90 days on: Recommendations for how the city can address non-compliant hosts who rent out properties listed as a primary residence but are not used as such, the conversion of affordable housing stock into short-term rentals, the conversion of multi-family residential structures to short-term rentals, short-term rentals engaging in commercial uses/activities, and properties that are rented for longer periods of time than permittedEnforcement mechanisms such as citations, fines, license revocations and criminal penaltiesHome sharing regulatory and enforcement models of other cities, including San Francisco, Austin and New OrleansStrategies for ensuring all home-sharing platforms that operate within the city enter into platform agreements requiring them to share data with the cityStrategies for implementing and improving data collectionWhat staffing or dedicated unit, office or department is needed to consolidate various aspects of home sharing compliance and enforcement in one multidisciplinary team."

I looked at of lot of the free/low cost options and wanted one that didn't charge a fee for my tenant to setup auto-payments. 

Purchase price: $330,000 Cash invested: $10,000 Sale price: $475,000 3 bed + 2 bath home purchased in need of cosmetic rehab with GREAT bones and solid mechanicals.

@Angel WuMetro Detroit (my rental portfolio is here)Purchase: $80k-$130kRent: $1200-$1500ROI: Double DigitCash flow: couple hundred/monthAppreciation: Double digit (for past 10 years, will gladly send data)Location: C, B- (suburbs and certain markets)We have over a dozen Fortune 500 companies just in Metro Detroit with huge Healthcare and Auto industries.

The entire mechanism inside water tanks has been replaced with the standard valve and flapper.

All new mechanicals and top end finishes to reach the top of the market price.