Figure 10% higher tax (cap gains vs ordinary) and SE tax isn't too bad If someone is over the Social Security limit however still sucks paying it. 

It’s too bad your renters didn’t tell you when they received a certified letter saying the Hoa was trying to get ahold of you about a violation which I assume they would have as all fine notices I’ve received have come certified mail.

The door that is in there is an antique that was hand refinished with the window reglazed.When I asked if he had met them personally and thought they would be good tenants, he said he only met them at the lease signing and didn't think they were off, but no one in their right mind is going to show up with their shirts off and looking bad to a lease signing.

If you are talking about purchasing an existing private airport then its not as bad as people are letting on.

The problem is I currently work  offshore and can only get as many details as long as the weather isn't bad and I can keep a connection.

Not sure what all I can say here to get some feedback.... anyone have good experiences with buying into these systems and process or bad experiences with it?

Especially if the property isn't that bad, it should be priced near market price anyway so it isn't likely they will lower it by 30%.

I have a small two unit property in a bad part of Brooklyn.

The owner said they are bad at paperwork and both tenants are month-to-month.What should be included in our purchase agreement?

ABC Management may have 30 years experience, proven systems, contractor relationships, and other services you can't begin to provide.If you jump into property management with zero education and experience, there is a high probability you will fail and you will give the profession a bad name at the same time.