As far as the DOSC yes that is a concern and yes the lender can call their note due, and they will.

The things _I_ would do--new kitchen about a 9x12 rectangle) , solar heat and water, tile throughoutbath repair, possibly cosmetic, and exterior paint.A big concern is that it was built in 1972, so upgrading the plumbing and electric may be necessary.

A big concern is that it was built in 1972, so upgrading the plumbing and electric may be necessary.

Thats why I am concerned about going with hml.

If i were u, my biggest concern would be what is this guy looking to get out of me.

As an un-experiences landlord I am seeking advice on which approach and how to explain without causing too much aggravation from her side.Appreciate your help,YG

I am sorry that you feel your realtor was the cause of a good deal getting away, I know how frustrating that can be!

I noticed that (re: low end & cash flow) on paper, too, although the concern there is A. problem tenants and B. resale down the line and lastly C. the seller usually overstates income/understates expenses so upon diligent research, I've found that the cash flow often is minimal or disappears altogether--and the repairs necessary (usually involving heating & insulation, since all the low ends I've looked at include H&HW) to make the property flow are quite high.

Our main concern is rehabbing a house long distance with a contractor.

That could be $0, it could be a few thousand (I'd sell if I had to carry the thing for more than 4 months..)My other concern is that keeping this as a rental forces me to buy the new house with an 80/20.