When they eventually move out I will have to update that space and bring it up to code.This property is going to require constant investment for the next 5 years. 

You could purchase a property and then a few months later owe another $15,000 or more in back taxes.When I ran the numbers on the property I noticed the taxes were extremely low but I ran it with updated numbers based on the purchase price knowing that eventually there would be a re-evaluation and the taxes would go up.

I'll update at some point either here or on my Richart Ruddie blog.

The property has an old but in decent condition Single Wide Manufactured home (does need some updating) with land included (not a mobile home park).

I’ll update more soon and will let you know! 

BP,I just got my first property under contract today at 21 years old.It’s a turnkey property (could use minor updates that can add some value) that was cheap in my market because it’s not in a great neighborhood but the neighborhood seems to be trending upward because of local renovation rebates.

Best of luck and keep us updated on your progress! 

UPDATE: This morning I sent an email letting her know that as per the written lease, theres a 2 day grace period and it's officially considered late tomorrow. 

Can't get any answers 1st application applied for the 3 months approved for 2 immediately recertification sent September 1 now placing me 4th back rent. Landlord has waiting 90 days that ramp request before re filing ...

We did about $3k amount of touch ups/updates.