Would like some advice on this deal - thank you in advance SFH under contract for $106k (current owners purchased a year ago for $59k and did lipstick on a pig) - neighbourhood nice b /C class neighbourhood - little crimeInspection brought up a few things Asbestos tiles in the basement, im told they are fine but I would prob want to epoxy over them to be safe though not needed supposedly I just dont want to have anyone at risk ($1500)Roof will need to be replaced in the next year ($8-9kish) and chimney needs workGarage door needs to be replaced (has a hole in it) ($700)Stairs and driveway need to be addressed - very bad trip hazard, driveway needs serious work ($2k)Had drain scoped needs to be cleaned out ($500) but otherwise goodAC is working but on the way out in the next yeara few windows needs to be replaced and smaller stuff etc - looking around 15-20k out of pocket to get home up and running Now all done up this home will appraise for $120-125k and rent for 1400 a monthhowever and I understand the sellers want to make some money (home was sitting on the market for awhile) but this is a pretty big list of big expenses and while I dont mind taking them on to be all in with zero meat on the bone from an equity standpoint seems not ideal as I will be locking around 40-45k up in the property (from DP and fixing cost) and homes in this area appreciate around $1k a year - so not much appreciation potential Insight appreciated - thank you for getting this far

Lot of work for not a lot of grapes, too.The Air BnB/glamming is a good idea and you can still maintain Ag status by doing some other stuff on the property. 8ac almost seems silly small to be irreversibly zoned as AG, I’d look seriously into getting rezoned.

I usually have the audio stuff playing while on my drives.

first because they are my assets and its a lot of my money in them and I want to be sure stuff is done right....  2nd - i dont want the repair folks talking to my tenants....

IRR is the Internal Rate of Return.

The tenants had lots of stuff and the place needed a coat of paint, new flooring and to be empty to show well. 

Definitely make a good first impression and, if you can, make improvements to their life before you do the “negative stuff.”

Did you tell the new tenant to wait in the hallway while you got a couple of goombas to toss them and their stuff out onto the lawn?

Very helpful stuff. 

Hey @Abel CurielThanks for replying and I had written a couple of stuff in this post but i had to delete it because it was against some policies like asking for a mentor.