From a cash flow standpoint, if the numbers don’t work on a 30 be aware that you will be assuming the responsibility of paying the difference every month for the life of the loan.

and your group is all going to be life long renters because you don't want to won real estate and you want to live down town walk to the pubs and resturants.. at least that what people think these days.. and I am sure for a time.. but then life happens. 

Since this person will have the most reliable info on what your unit can rent for ask them that of course but also make sure you’re both on the same page with the condition the unit needs to be in for them to achieve this rent; this includes not only what repairs might need to be made but also any functional or cosmetic improvements. 3.

A charitable trust can be a great vehicle to provide income to you/your spouse during your life while also providing an income tax deduction on the asset you contribute to the Trust.

The house is in liveable condition but needs updates to the kitchen and bathrooms.

:) Thank you BP for your amazing knowledge and willingness to pour into other people's life!

Hopefully you'd know that AC is not one of the conditions of habitability for a home in California and you'd tell your tenant that the repair person will be coming out the following day on Monday and save yourself from unnecessarily paying triple time.Lastly, since you mentioned clogged toilets, what if your tenant called you while you're on vacation and said his kid just flushed a toy down the toilet and now the toilet is clogged and he's demanding you call out a plumber immediately. 

ZEstimate is what Zillow thinks the property is worth and it is pretty pointless because it doesnt take into consideration the condition of the property.

Change your life style, live frugally and save more money.

The deal is good for the condition that the property is in, and so my business partner and I decide to take the offer and begin the process of putting the house under contract.