I know it's the rockstar thing to do to be leveraged to the hilt, but, keep in mind most people you are hearing from have less than 8 years of experience which basicly means they have cut there teath during an abnormal increase in real estate value due to an abnormal tank in values.Look for advaice from someone that has been making money in real estate for 25 years (which is not me). 

If you are like me and have no experience in estimating the remaining useful life a roof, or hot water tank, then you will need to find someone who can. 

New paint, water tanks, one furnace (other was still working fine), new flooring and carpet throughout, new doors and hardware, fixed all plumbing issues, updated electrical, and new appliances for both units.Property taxes: $1,100 annualUtilities: I allot $200 per month, yet to exceed that (Only pay for water and sewer, trash is included in Property Tax)Maintenance: $100 allotted, yet to exceed ($70 for lawn mowing from Spring to Fall (bi-weekly), and winter up to $100 for snow plow)Offering: $67,500 (10% down)Terms: 72 months (30 year Amortized)Interest: 6.5%Payments: $1,188.64 per monthAdditional Comments: This property gets a ton of interest because it is the nicest and best looking property in that neighborhood.

Hello everyone, I'm very curious what strategies people are planning to use, if the housing markets tank again, like in 2009.

Example, I have a 4K septic tank removal/sewer line replacement job coming up next month, and will probably replace an AC between now and then. 

Sharks, take off you fins!

Register to do BPO's they dont pay much, but they get you to parts of town you may not otherwise go, and teach you your market values, and when the market tanks again you may be positioned to get REO Listings.

Fees and septic tanks cost about 5k more than on city sewer with its permits.  

So I would maybe raise my capex from 10% to 15%.There is a leased propane tank on the property for the HVAC, and electrical service is there as well.

If memory serves me correctly he has two 2300 or 3400 sealed tanks (I think they may be spheres?)...