What kind of rehab job would you consider too much for a DIY'er?  Would an astronomical low purchase price tempt you into taking on a LARGE rehab job?  By large let's say.......10 unit apartment building for less than...

I adopted him as an adult dog and he doesn't chew/pee inside/ bark/ ect.

If you are talking about combining the homeowner exemption and 1031 to chew up depreciation and/or a lower basis I've heard it is surprisingly actually possible.

We have healthy reserves BUT I'm afraid of biting off more than I can chew with this one - my husband is leery of any project requiring us to break down walls b/c there is a risk we'll find even more problems.  

@Deren Huang That is interesting- I am not sure it 100% applies, but it gives me something to chew on.Okay so- I promised I'd share more about the where I am part...I've worked with one investor for 2 years now and built a nice little portfolio.  

While you can get more than $900, the extra difference will get chewed up quick in vacancy while you are looking for the few people who will pay that much. 

and it seems that the variable cost of heating in the winter is chewing up the potential profits of most multi family properties on the market, so originally my plan was to invest and hold onto small two or three unit multi family properties, but now it seems like small single family homes, I'm thinking ranch style, are maybe better because it's not expected for me to pay any portion of heat, and if the property is on the smaller side it would be easy for the tenant to heat. 

Is that biting off more than I can probably chew?

@Dan Cho I think we all want to help, but those scanned images are going to make it difficult for most people to chew on for you, or maybe just me.

Came across a home where the owners bit off more than they could chew, one got aid off and now they are struggling.