Preliminary walk-through reveals above average condition with limited or no deferred maintenance (full inspection to be done before closing).Purchase price: $125,000 (assumed, still need to negotiate. 

Warren Buffer in a Squawk Box interview revealed if he had the time and patience or if he were somewhat broke, would have gotten into real estate residential investing.

As the variety of posts suggests, land-lording has any number of different opinions as to what's good management practices.As for giving legal advice, I don't think that prudent ever on an online forum, especially since landlord/tenant laws are state specific.

The bank last week sent a variety of docs for everyone to sign, and that was among the docs that came to us through the buyer's agent.

You don't wait til after the crash happens.I think many mistakes are happening.but no one is keeping track of them and lenders are required to reveal them.I'll bet many homeowners don't even know there was a mistake in their foreclosure. .

(Thank you oversharers) a quick click over to moms fb page revealed that she worked as a waitress at the crackerbarrel next door.

Most landlords want even rent to someone with cats for a variety of reasons....so they are lucky to even have the place.  

For now we are going to live in the bigger unit for a variety of reasons, but down the road, I could see it being pretty easy to turn the second living room into a 3rd bedroom and increase the cash flow. 

My team lives and invests in Brewerytown and we're focused on building a variety of housing types.

This why Bigger Pockets is such a great resource; so many experienced investors with a wealth of experience providing such a variety of viewpoints.Since I am not planning on selling for at least 18 months, I believe I will accept her counter and move forward.