Hello everyone! I found the podcast about 6 months ago and haven't stopped listening since! I'm currently in California but moving back to Virginia Beach in June. My wife and I plan to start flipping houses and invest...

Each month they sell more advertising so the number of leads per share goes down, but the amount they charge me does not go down relatively.

They have been slumming, they are hitting rock bottom financially and repairs are reaching the point of being a real liability, or the reaper is calling and they need to exit asap in their old age.. normally all the above!

Again, not mandatory but seems to be more common as the concern increases about the health issues related to cesspools.Mark

There are many CPA's on this site that work with clients remotely.In the meantime - feel free to ask any tax related question.

Definitely start jumping into the community here and feel free to ask any questions related to Real Estate investing!

Upper main roof first half replaced 8 years ago, second half replaced last year, and lower roof was replaced last month.4 Separate Crown Aruba Gas Boilers, regularly serviced and approximately 20 years old. 4 Separate Gas hot water heater (ages vary)Washer Dryer hookups available in basement for coin laundry for additional incomeExterior painted two years agoShingle sidingProperty just passed state inspectionReplacement energy efficient windowsPurchase Price: $210kAppraised Value: $285kProperty Type: Quadplex/Turnkey tenants in placeArea: BUnits: 1-3BR, 3-1BRRental Income: $3365 Per Month / $40,380 per year (rents can be raised 5% upon lease renewals)Utilities: Separately metered, each tenant pays their own gas and electricHouse Utilities: Common area utilities are about $20.00 per monthWater/Sewer: Landlord pays $1500 per yearProperty Taxes: $7855 per yearInsurance: $2500 per yearLandscaping/Snow removal: $1221.00Vacancy: ???

Id say the majority who buy in them are aged 30-50, married with high incomes, and are just past the point in their lives you are in in your twenties and used to live in downtown in 500 sq foot apartments. 

Thanks HenriHenri, I have an amazing insurance agent with Prime Insurance, specializing in everything real estate related.

They also told me that the relatives don't want anything to do with the house.