@Khang NguyenWhen you do maintenance/fix things - i.e. a broken cabinet door - or when you clean and paint during turnover, those activities are generally classified as expenses.When you add or renew things to the property such as fixtures (lights, plumbing); a new HVAC system; new roof, new flooring, etc.  

The deal makes sense for my COC and $/door minimum criteria, but as i've listened to more experienced people on the podcast, i'm wondering if i need to add a criteria for annual profit to be >$5000 per property because it seems like that may cover potential disasters/capex problems that occur without wiping out property profits for multiple years.

According to the owner it's been grand fathered in (still need to find out what that means) and he has no issues with zoning.One thing I did notice is that a unit on the 2nd floor only has a single egress, just the front door on the 1st floor. 

Jobs interested in: Tradesmen job, ie plumber, carpenter, gc... sales, property management for larger firm or mid level managers. 

Proposed sales price: $300,0002 units are 2 bd 1 bathmain floor units are 1 bed, same square footage, just larger kitchen and living roomsLeases are month-to-month and $850 each for all 3 units currently rented. $2550  total monthlyTaxes were $2k last yearOwner has owned for 2.5 years and is moving out of state, was living in the now empty unit.Purchase would be owner occupied either FHA or conventional.

He could have also attacked me or killed me, so looking back it wasn't the best idea.Any time illegal activity is involved it is best to post notices on the door and avoid confrontation.

February's meeting was this Tuesday, next meeting 20 March, 7:00-8:30, doors open at 6:30.https://trigofva.com

Also, circle prospecting neighborhoods or door knocking to see if anyone needs to buy and sell real estate.If you start on your own, you'll have to find the best solution that works for you.

So instead I have been door knocking.

That being said, HUD has a "Good neighbor Next Door" Program where they allow Teachers/Police/Fire/EMS to purchase at a discounted rate (50% of asking) as long as they live there for a couple years.