The insurance company must have had someone with a ladder look over the fence in the back yard in order to see it.

A neighborhood with a bad reputation, a salvage yard down the street that you have to drive past, being near an airport, could have odors from some factory a mile away under certain weather conditions that are common, these are EO factors you need to assess, as you say, build in more potential profit as you may end up giving more away.

I think it is absurd to eschew bandit signs on the basis of littering the area, when all the areas they would go are littered with political, we buy cars, yard sale and everything else.  

I lost one building with investors after a long hard battle. but the remainder of the investor units were able to be salvaged and were actually given decent returns in the end.I had 500 units of my own that I had refinanced with decent rates at the time. 

Hi @Micha Adler 90035 is in my back yard.

One, the yard grading and drainage systems had the water running right up to the foundation and two, the sump pump was clogged and allowed water that showed up to stay put.  

I need to have it removed (and then ultimately have the yard hydro-seeded or sodded). 

I've been going to lots of estate sales for a while now, and almost all have a real estate sign in the front yard. 

I may be able to salvage what I have. 

Wondering if I am doing the right thing in purchasing this.The economy has several anchor points, the military, a naval hospital within walking distance, ship yards, ports, tourism "Virginia beach".These are the financials. $74,100 current rental income.$1,800 Laundry (old top load COIN (0.75c) washer/dryer, I believe this can be improved, with new card machines)ExpensesBldg Insurance        2976Flood Insurance      2690 (hoping this doesn't increase...)RE Tax                    6297Electricity                720 (decrease through more efficient lights/washer/dryer)Natural Gas            1200 (2 tankless water heaters, decrease through showerhead)Water/Sewage/Trash  4380 (don't know exactly how much for water, though trash is $33/unit, hoping to add water saving aerotors/showerhead/toilet to all units, maybe submetering)Lawn Care               540   (Will eliminate this due to me living on site) 7% - Vacancy               5187 (little turn over)7% - Management        48246% - Maintenance        4446Actual Income $75,900Expenses        $33,260Net Income      $42,640P&I                   $29,568P&I 2nd              $9,278End Cash Flow $3,79475% loan 5.25% fixed/amortized 5/25Seller financing 40k 6% over 5years So my question is, will this deal work?