It needs a new roof.

However town hall says he never pulled permits for any of this as last permit he had was to add a dormer and roof only.So sounds to me like we got an illegal fin attic.

Ok, here it is:My offer is 173k with 13K back at closing.Total Purchase Price $173,000Seller Concession $13,000 (roof repairs and closing costs/fees)Downpayment (15%) $25950Debt Service: $1330 per month Finance $147,000 x 9%= $1330Gross Rents: $2775 $400 (15% vacancy/rent loss)Effective Rent: $2370 Expenses $1100 (water, insurance, taxes, trash, grounds, misc.)Do I buy or pass?

3 family (brick) 5-5-3, 2bds, 2bds, 1bd--Gross $16502 family (wood frame) 5-5, 2 bds each, Gross $1150The 3 family needs roof repairs, facia, soffit.

20 Unit Brick Apartment, Pitched Roof (new x 5 years) Separate metered utilities (owner pays none)All electric central air/heatNo Vacancy, waiting list to get inDebt service: Asking 750,000 Get for 680,000680,000 at 10% down 7.75% 30yearYear:2007Scheduled Gross Income:$125,400 Vacancy: $3,000 (never know) Effective Gross Income:$122,400 Maintenance: $8,000 Taxes: $2,809 Insurance: $8,000 Management/Grounds/Misc: $18,502 Total Expenses: $37,311 Net Operating Income: $85,099 Debt Service: $53,573 Pre-Tax Cash Flow: $31,526Monthly Per Unit Cash Flow: $138.202 bed 1 bathNo.

We built big homes ... 10k sq ft and up ... so I had the opportunity to get to do everything from basements to roofs and there was a lot of attention to detail.

If you do leave it, and have supply or drain side leaks, you end up tearing out all the other new work to fix it.If you choose to do nothing, and the rest of the home is "fresh", then the bathroom becomes a big detractor, and will affect the quality and number of prospective applicants.Of course, if you are just flipping, glazing the tub, surround, and sink fixture can make a HUGE appearance improvement for very low investment, and you can pick the latest designer colors!

The hot water that was dripping out of the shower stopped leaking.

It says good condition, newer roof, etc. and it was built in 1980.I agree it's better to factor in maintenence, etc.

Or the weather knows you have the roof torn off so it is time for the 100 year flood to come rushing down from the sky.Six.