Hello, I recently closed on a house that has a walk-out basement in Thompson Station TN.

Walk in and say whoever is blocking the driveway next door needs to move now or they will be towed. 

The owner decided to let the tenant walk away and refunded all of their money even though they didn’t have to and were advised against it.

I need to get someone to walk me through the scenario of the capital improvements part because (A: I'm a veterinarian in my day job, not an accountant and B:) we do not have enough annual income over PITI to cover more than about 20% of the improvements so we can't expense it from this year's revenue.   

We are paying 25% at start, another 25% at half way, and 50% after completion and final walk through.

Having one walk through with you can really help you in the future to know what to look for when walking through a house.

Doing this allowed me to walk into a prospective purchase and walk out 15 -20 minutes later with a number in my head that would more often than not be within 10% of what it actually cost.

Steve,The answer is it depends (I hate that answer;).It depends on the amount of time you can commit, the quality of the property you purchase, the type of tenants you have, if you self manage or outsource, how organized you are, etc.As with most things, you should walk before you try to run so I would urge starting 'smaller' and in a few years moving up if you still want to.

They always put a bandaid on everything and just walked away.

Having a good Realtor to walk you thru the process helps too.