If  the seller  excepts that letter it is no official contract  so if you've moved on to something else  you would not have to  honor that offer.

It was just sort of all the same, with the exception of a few busy roads where there was a large mixture of residential and converted commercial properties (buildings that were originally purposed for residential, but now zoned commercial).I did by chance pass by one Commercial property that had a very well maintained and remodeled house with a separate converted garage.  

I'd just be buying from the MLS expecting to buy solid deals not exceptional deals.

We report actual expenses except management fees and misc.

Everyone except one moved before the eviction date.

The house is actually in decent shape except for the roof and electric panel.So how much will it cost to remedy broken pipes? 

You can allocate a percentage of your home to be treated as a rental and split the common expenses based on that allocation-except for when you make repairs directly to those rented rooms (paint, etc) as those can be 100% expensed.

Most people fear what they don't know or understand and I was no exception.

Most people fear what they don't know or understand and I was no exception.

Except a few times for the initial security deposit/move-in rent, I've never touched cash.