No you can focus more on your REI and improve on your systems.Keep us posted.

I do know that there has been an issue with finding sub contractors to perform the work as the economy is improving.

I've always had the goal to have my real estate income on my "fix and holds" provide enough TOTALLY PASSIVE income for me to not wake up before 11AM and always be able to wear flip flops, from anywhere in the world :) More recently, I read some of Ali's blog posts, and it's a much more explicit and targeted form of something that has been less explicit in my own goals, investments, and work flow..For now, I've been outsourcing whatever I can.

As some of you may know I've started my own REI meetup here in Fargo, ND. We've only had 5 meet ups so far and the last one was a bit of a let down. We had an appraiser attend and give us information on how he approac...

Seller expressly warrants that property, improvements, building or structures, the appliances, roof, plumbing, heating and/or ventilation systems are in good and working order.

And  ask lots of questions, the community here is great and can be a good forum (pun intended) for brainstorming in between local meet ups.What areas are you trying to expand and improve in?

You touched on my concern with the property; it had lots of improvements made to it without permitting and it'll be noted on the appraisal.

I would basically be trading guaranteed improved cash flow now versus possible worse cash-flow in the future.I will not be spending cash-flow; all of that money will go towards additional RE deals and potential future maintenance in this property.I would definitely start low when purchasing this property.

He has already put several thousand dollars in improvements into the property.

I have about 5% equity in it.Goal: get the next 2-4 family .Original plan: improve, raise rents and refinance to 20% equity conventional loan and hopefully get some cash out to use as down payment on next one.I bought a duplex with rents that were waaaay too low and had to finish rehabbing one side.