I also wouldn't mind flipping a house or two.

We'll blend some pre-1997 depreciated ones with post, always mindful not to sell too much in 1 year, pushing up their cap gain rate.

I'm wondering if you all could give me some pro's and cons:I'm wondering if it's a good idea to asking for a rent increase as part of my purchase contract with a tenant who is month to month and the seller has a management company taking care of property.My thinking is, if I were the seller and they asked this of me instead of asking for a lower purchase price I wouldn't mind.

Or they should simply tell us how long they're able to commit to and we'll run this as a short term lease until they have more clarity on their situation or move out, but it doesn't appear the tenant wants to pay a dollar more.So, basically the question is - do we take a leap of faith and lose our peace of mind or insist on sticking to the contract and risk losing the tenant?

Would you mind elaborating on what factors in condition you would consider deal-breakers? 

I'm hoping some of the brighter minds here can help me think through this sub2 deal I've been offered, both in terms of analyzing the numbers and also some advice on taking on a sub2 purchase (I've done about 1-2 hours of reading on the subject....enough to be familiar but certainly no expert). 

The term "knob and tube wiring" start to creep up in my mind.

Congratulations on being among the few open-minded landlords to consider this investment arrangement.

So don't take the $1050 number as gospel.2) Even with #1 in mind, that range is just the average of ALL houses/apartments in that area.

The tenants actually do not mind just keeping their trash in their unit trash cans and taking it out to the curb once/week.