Except electrical- Many of the older homes have knob/tube so that can be a hassle. 

Purchase price: $150,000Down payment: $10,000 (one advantage of using a local bank, they make exceptions for LTV, etc.)Interest rate: 5.16% (little high, but worth it for non-fha house-hack)P&I, property taxes, and insurance: $986.12 (also, since it is an in-house bank loan there is no Mortgage Insurance, sweeeet!)

Originally posted by @Paul OBryan: Is there wisdom in getting pre-qualified (but not yet credit checked)  "Pre qualified without a credit check" holds no value, except inasmuch that a bunch of stated income / stated credit prequal letters is probably cheaper than purchasing toilet paper if you want a money saving strategy for toiletries.Of the lenders you interviewed for the job that are local to the state where you wish to invest, hire the most competent/responsive/knowledgeable, and get a full doc preapproval that'll show real estate agents that you're a dead serious carpetbagger, and not yet another out of state tire kicker and time waster from California. 

Or as often happens there are folks that just have expectations that are not achievable.Nothing is inherently wrong with any of those folks above (except maybe the un-achievable expectation folks) but the staff needs to prioritize.

Kitchen cabinets are not in great shape, but all appliances except for the fridge are there (working or not, I don't know  - house is "winterized").

That means all costs are covered, with the exception of Income tax, and all pass through fees are not included (i.e cleaning fees, transient taxes, etc. which are collected from the guest and then paid out to appropriate entity.)Use both vrbo and Airbnb to maximize exposure.Always have money set aside for unexpected expenses, or if you find yourself needing to cover expenses because income was lower than expected.

Hello All,As I continue to deal with a difficult retail tenant in our family’s retail center, I wanted to get some input from the community as to what route, you as a landlord would take.Details:Property Type: RetailCurrent Lease: 3 Years (ending soon) with an option to renew for another 3 (clause states that everything for the renewal will remain the same, except for the amount of rent.Tenancy: Has been renting from us for 10+ yearsOther info.

I do find it interesting that latino neighborhoods tend to gentrify over african-american neighborhoods (with the exception of Hyde Park). 

The following is also listed:a.This note shall be governed by and construed in accordance with the laws of the State of _____________.a.This note may not be amended or modified except by a written agreement signed by the Borrower and Lender. 8.

You'd need to ask a tax pro to confirm but initially that sounds like something you'd only do if you're married but filing separately, which typically doesn't work out as well as filing jointly except certain situations.