I still run away from historic deals for the same reasons you and others have pointed out - everything costs more, which equates to a relatively low return on investment.

Not being energy efficient and uninhabitable aren't necesarrily the same.What is the daytime temperatures in your unit in relation to the outside temperatures?

Maintenance records, repairs, appliance records, leases, invoices, bills... everything related to the properties.

I need to still verify some additional information, but it looks like I will be picking up a few out-of-market properties.In addition, if you have $100,000 and a relatively stable job with good income, I would very seriously consider leveraging that money to purchase multiple homes.

Not the best solution but a relatively cheap one.By the way what is the asking price on the tour house?

Believe it or not, you kind of need a thick skin to do this because you’re going to hear all kinds of stuff, some of it critical, some of it positive, and some of it a little nuts or pretty far from objective.

Essentially it comes down to investment objectives - if your goal is not immediate cash flow and you're bullish on the market then I think you could definitely justify that purchase.Hope this helps.

@Mike Abel I am relatively new to Real Estate Investing.

(cost is to high) however, this makes a much better market for long term rentals as property value is rising and the city is growing at a rapid rate with a high demand for rentals (all relative to where I live).These things helped me to decide.

What are we going to run in regarding related parties and seasoning when obtaining a FNMA conforming loan?