But I think Steve's point, which I agree with, is that if the main panel was wired (or breakers configured) wrongly, than legal or not that is the real issue and tough to pin on the tenant.

Even at a good discount off of list price, it's tough to get down around $100K.I realize the 50% rule and 2% rule are just guidelines, but most SF properties I look at are coming in at a 6-7% return when I run them through an analysis calculator.  

Thanks for the input Jeremy'I have always liked LO as a valid strategy ,with a caveat,,,As long as all parties get what they want at the end of the road,,,,Having said that,as easy as the concept is,I am finding LO a tough little nut to crackMaking "the moon and the stars and the solar system" line up before I can put the deal together,,,Lots of moving parts to say the least,,,I dont need to be haunted by a pissed off seller or tenant,,in my station of life,,[Im no spring chicken,,,you wont see me in "The Cage" at a WWF bloodbath fist fight,,sorry guys,,not todayHonestly JeremyThanks for the good adviceDD

"It's tough to make predictions, especially about the future" - Yogi BerraThere is NO reliable source for what any of these numbers are going to do in the future. 

I will attempt to correct my Realtor friend, but that may be in the too-tough category, yes?

So within this past year I have jumped into the 2 careers I have always wanted and both are tough!!

When the recession hit, it was hard to continue building and the market for contracting services was tough, as most people went upside down on their houses.  

@Lisa Perez   out of state sub 50k mortgages can be tough. 

I had been wholesaling in a very hot seller's market and I had been doing it almost exclusively with the MLS so it was a tough go and, on top of that I was wholesaling to just one investor.I am now back for good with the firm resolution to never, ever stop again.  

The home was burned and some cities are tough on rehabbers..