It carries anxiety, concern, uncertainty, hesitancy, indecision and inaction.  

I would recommend meeting with a good real estate attorney that can go over “what-if” scenarios and address any concerns.

My concern is that I will not know about anything that really needs a repair, and more damage will result.

The rents are also almost twice what I rent my 2BR/2BA condo for.Question: Would you be concerned about increased rental supply or be excited for the growth of the area and possibly raise the rent to get closer to the new market rate?

I burn coal in my personal residence and is the best bang for buck as far as heat and btu's are concerned.

@Ricardo Murph II: This will be one of my main concerns, going to school full time, working part time, & beginning to invest in real estate.  

I know the occupancy rates in Cleveland are high, does the decreasing population concern either of you?

As far as the local governments are concerned, it has to be paid **somewhere**.Hope that's clear...

hello, aleko. i am a home inspector from the western new york area. the old cloth, 2 wire wiring is kind of dangerous, in my opinion. as stated earlier, the cloth gets brittle and can crumble with the slightest of touch. with rehabbing the place, you are going to disturb it, for sure. then, you have exposed wiring. fire hazzard. not to mention, a lot of this old wiring is made of aluminum, not copper, therefore, the heat it will carry without fail is far lesser that the copper type wiring. if you have an overload somehow, and the breaker doesn't trip, you are going to have a fire. the gfi's have to be grounded, thats the whole idea of a gfi. the g stands for GROUND. with the two wire system you have, where is the ground????

There are other FHA requirements, of course, concerning which you should contact your local lender, but determining whether or not a triplex or fourplex meets the self-sufficiency rule is a good place to start as this rule will immediately eliminate many properties from your search, especially in expensive markets like ours.In terms of your questions, I'd say $1k/month is a bit ambitious if you're living in one of the units.