It seems once again that investors are buying rental property that doesn't cash flow and planning on continued price appreciation(that may not occur).

So should be accounted for as immediate and/or future Capex.What I prefer about older properties: settling has occurred and any foundation issues are generally evident, which cannot be said for new construction.

Also, I wonder if there is any way to plug the triangular gaps that occur between the siding and the back of the trim boards. 

@Glen Holmen this is a common occurance these days. 

Thanks Justin for accidently tagging me lol.

I would love to buy an investment property through seller financing, but the opportunity has yet to come up.In regards to seller-financing right now... historically this occurs in uncertain markets, high interest rates, or a market with a shortage of 'qualified' buyers.

All documents state closing must occur by Friday’s date.

It never occurred to me what are the rules in scenario that you recently faced.

Here is where the fraud occurred following your 4 criteria.1 A false statement -  $8900 charge for a new water line and $1900 for new siding.

Great income at 4.7 times the monthly rent, stable career track with consistent promotions every couple of years, liquid savings equal to 18 months of rent, good 5 year rental history with favorable feedback from all prior landlords indicating all rent payments were received timely and zero damage or any other issues occurred at prior rentals.However, the individual has a credit score of about 550 with debt that includes $10k+ in credit cards which is all past due, $30k in student loans, $30k car loan, $30k in other debt, and unpaid collections from three different businesses originating 4 years ago.Would you rent to this individual considering they have demonstrated they consistently pay rent on time, take care of the properties they rent, and have good income & career history, or would the credit score steer you away from this individual?