Example is last tenant had and outstanding water bill and had taken down the smoke det.

., a Roof is good for 25-30+ years.In the house I live in, the Gas Furnace is more than 25 years old.My Gas Water Heater is 17 years old.Raymond

In reality, most in a L/O don't get to 10%.There are different aspects of L/Os, lending, interests conveyed, tax issues, installment sales where the SAFE Act is applicable in some cases and a range of other issues.

However, there might be problem with the roof and major termite issue underneath the bathroom, since the wall in the shower was opened and the tenant just put something like a sheetrock there, it wasn't fixed properly, so water can go down and cause major damage to the subfloor or the foundation, which would greatly increase the rehab cost.The tenants have been living there for over 23 years, they don't want to move, (a couple in the 50s with the dad in his 80s) so they don't let me in to do the inspection.

Hunterdon and Warren County have very good resale and rental rates ranging from 1200 for 2BD/1BA to $1900 and up for 3BD/2BA.

Given my current capital/time/ability I am looking to possibly cash purchase a mix of low cost SFRs and multis (10 units or so total) in my home town Cincinnati area with cap rates in the 12 range.

Rents range from 975 -1100 per month.

It allows water to stand there, but doesn't collect any solids.

Also, banks will require a rehabber to put a lot more of their own cash in typically, so this waters down the ROI.

I like FloridaMoves mostly because it allows for custom search by zip codes, so if there is a specific neighborhood I am interested in, I can use zip codes and ask for alerts when a property within my strike price range etc...are available.I request a daily email compiling all for that day, and look through it once a day.What I am curious is for those who do not have direct access to it, what site do you use to be kept on the changes to MLS?