Unforeseen issues always happen when opening up an older home.

the "unregistered unit" comment bothers me - - the City could be baiting you and then hit you with fees and non-compliance issues. 

The landlord came to me to see if I wanted to purchase the property because he has some health issues and wants to sell off.

Joseph DiRocco Basement and above ground tanks don't have the same issues as in ground tanks.

In my opinion investors need to have a good understanding on maintenance and repair issues, as well as what it takes to handle improvements. 

The only issue is that most hard money lenders I talk to won't fund a house for less than 100k.

Your IRA would get a deposit each month until you are cashed out and you won't have any management issues--those fall to the owner/landlord.

A lot of times, early investors think they have enough cash to squeeze out a deal and then run into liquidity issues.

Hello, I am looking to acquire additional long term rental assets but am running into issues finding a lender that will fund me due to the fact that I had a foreclosure 4-1/2 years ago.750 credit scoreGood incomePlenty in reservesLooking to acquire properties 180k and below with 20-30% down but haven't been able to find lending.Any suggestions?

If our strategy pans out, if we have 2-5 years of strong financials (high cash-flow properties), I don't think we'll have any issues getting a portfolio loan from any bank that offers them.