Let me be real clear that this property was so unique that it would be a gamble as a flip, so it only made sense if we were going to either a) live in it or b) rent it or c) do both, live in and rent it.

Only the most desperate renters would probably agree to live there so the price of the property would have to be dirt cheap and cost you as little money as possible in the rehab to make it worth the effort.Your gambling that the surrounding area will be gentrified in the next few years and increase the property values.If this was in Southern California I would say yes absolutely but,the ATL may be a little harder to wait for unless the population booms there in the next 5 years.

The location is also very convenient with the metro north train in downtown yonkers runningyou right into the nyc in the less than a hour.

It has many branches and makes it convenient for my tenants to deposit rents.

Joseph Davis I would love to talk with you at your convenience.

In the lease we stipulated that water, sewer and garbage bills would be paid by the landlord and that the charge would be passed on to the tenant along with a convenience fee.

They actually had a tenant in the basement during their 2nd flood, and their solution was to move the tenant up to the 1st floor since it was already conveniently vacant.  

Feel free to reach out to me when it's convenient for you.All the best,Bryan

Factor in the convenience and it's a no brainer.I ordered mine to hold 10K GVWR which I will never overload.

I gambled, held on till 2006, and sold one for $740K, though realtors say I can get $800K or more.Good thing I wasn't that greedy.