Looking in New Jersey, mainly Union and Hudson County. 

While appreciation is great, our main goal is cash-flow. 

And, try it at one property to A/B test the rents you can get and time to fill those units between lease-ups.I'm mainly in the 2-4 unit space, and Spokane has lots of 100-yr old houses that were split into apartments during the two world wars.

I am currently a Florida Realtor, mainly using the license to do research investment properties for myself or for my family.

Plus - its a benefit that you are from the area and know it better than Texas.You mentioned wanted to do buy and hold or fix and flip.

We have been in the house for 7 years and have replaced the main systems that would be a big costs driver (see below).

Thats one of the main reasons I got out of that business.If you're not an agent then go straight to the seller with questions.

I'm hoping the siding isn't asbestos, my main concern is pulling the vines off might break off siding and then cause a hazard.

A business is an entity that generates income and expenses and calculates a profit or a loss.The S-Corp he is proposing generates $0 income and generates expenses that do not benefit the S-Corp - they benefit somebody else's business.So the S-Corp is going to generate losses year after year after year. 

Here is a break down of all three:First disbursement is for demo so it's relatively small given it's mainly for labor.