It is said that history tends to repeat itself and it is also said that only a fool would make the same mistake twice, so your guess is as good as mine.If we ever have massive RE appreciation rates in the double digits again, I would venture to guess such a scenario would not take place for at least another 2 decades or more, but I was wrong once before (wink, wink)Kidding aside, I believe that once we are over this "correction" and get through the massive amount sof lender owned properties, we will encounter a more steady and reasonable price inflation of RE.

That just means it needed a thermocouple, around $10 at the home improvement stores and replacing one of those is truly DIY.

Windows does not present good reinvestment opportunities because of the huge amount of cash it generates and therefore the profit-maximizing decision has to be to deploy it in other profitable ventures or return the money to shareholders.The subject of this thread is quite the opposite.

This is my first venture, and am working with a seasoned investor.

If I was in your situation I would look to form a joint venture with your cash partners where you are compensated your percentage when property is sold an they take title.

This will allow you to maximize your profits.But if this is your first multi-unit building, I would recommend partnering with a expert in this type of venture.

But best to stay near home and get some experience before venturing out.

A joint Venture would help you out.

This would most certainly be more than 33K if you subtracted the 8K HBC out already, and I'd venture to say its worth more than even the 41K if you did buy it at such a discount.

My wife and I have decided to do this as a side venture.