You can read that story on my BP blog here... http://www.biggerpockets.com/blogs/585/blog_posts/3453-i-fired-my-mentor-Bottom line... this is a business you can do yourself... and succeed well at.

My opinion aligns closely with Ted's and Rich's, so here's some hard data (link at the bottom).

If you have the stomach to hold it a few years, this may end up being a cash cow.Talk about buying at the bottom of the market. $100!

Bottom cabinets are much easier since you can work pretty easily alone on it.

Many renters just like buyers want the best rental and area for the best rate.Depending on type of renter some will just want a place to crash and not care about upgrades or condition.I know by you living there it will eliminate many possible renters.Me personally owning the complex wouldn't want a tenant knocking on my door all the time and if I was the tenant would not want to feel like my every move was being watched.When I look at property for purchase I run numbers off the bottom 50 percent of rental rates for the area based on class A,B,C,D building and then location.

That makes sense since the thin fiberglass shell of the tub doesn't seem strong enough to support the weight of an adult.I wonder if prior to placing a new liner in, they can drill several small holes into the bottom of the old tub and shoot mortar or epoxy or something underneath to shore up the support.Thanks for the info.

So the bottom line I guess is, it worth the risk.....

I personally feel we are pretty close to the bottom here in Phoenix but mine is a minority opinion.

Please be sure to see my disclaimer at the bottom.

@SUHAS Madappa Escrow normally issues Title Insurance and between the two should get to the bottom of liens etc so you get clear title.Research the Deed instrument being offered and get comfortable with that aspect.