Even if you try it his way this one  time, but don't make it a habit to do all the deals this way.

But if you have vintage 1928 across the board--steer clear (I would) due to investment required to make it safe and habitable. 1970 in original condition you could probably make work for less.

You will receive an Addict award along with a habit; as well as learning and retaining useful real estate information without struggling.As Brandon Turner mentions we are considered to be the average of the 5 people we spend the most time with so connect with REIA meetings, accountability partners, and mastermind groups to engage with individuals interested in real estate investing.At the bottom of this page is a list with help in it.

You will receive an Addict award along with a habit; as well as learning and retaining useful real estate information without struggling.       

Your tenants in these working class neighborhoods would likely never do you harm, but it isn't hard for other people in the neighborhood to recognize its right around the first of the month and "Hey look, it's that landlord's car..."

That's a really serious issue and affects the habitability of the house.  

And they seems to have a habit of moving from state to sate to state on a fairly regular basis.  

You don't know if his new career choice in his first week is trafficking sex slaves through austin....Or if he has a nice habit of blasting music at midnight....You get the point.....Someone without a steady full time job/school has proven trouble to me in tenants with too much time on their hands....

My focus will be on committing the tried and true methods of deal analysis to habit, and then integrating my creativity.

I would have an empty unit, inspected and found to be vacated and habitable, as part of my closing stipulations.