It was either this or go into health and wellness and become a personal trainer/coach/nutritionist as that fits my lifestyle and routine.  

It was either this or go into health and wellness and become a personal trainer/coach/nutritionist as that fits my lifestyle and routine.  

In this crazy market often times the appraised value is only about 80% of asking price so a safe fudge factor is to set expectations on having a cash position for more like ~350k to ~580k depending on whether you qualify for FTHB or not.5. 

For most investors, the 1% rule is a quick way to determine if a deal is worth looking into further, but not as a determining factor to buy or not. 

Different jurisdictions and areas implement land use vastly differently depending on several factors...so you may be fine to just continue the use...or it could be required to be demo'd if you want to pursue anything outside of the current land use...it all depends on the local codes. 

BUT the kicker is that, low and behold, they did not factor in the (probably because it's not legit) addition to the back of the home.

50:50 between the two units or do you factor occupancy in there as a unit with 2 people will use more water than a unit with 1 person (in general).

Also tax record indicated as 3,787 sqft (I understand this could be differ than actual), and other public factor indicating this property as 3,700~3,800 sqft.

@Michael Opper I'd say it depends on a few different factors, but I'd say yes.1) Are they a good tenant and do you want them to stay long term?

I think there will be a stronger need for travel nurses who want that lifestyle.