For the cost of bath fitters for a little more money depending on the size of the bathroom you can do a total reno.

Roof and guttering were replaced for a total of $9,000.

Let's do the math:Income:   $19,800Expenses:     Mortgage:  $17,400     Heat:           $  6,000     Vacancy:     $  1,980     Repairs:      $  1,980     CapEx:        $  1,980     TOTAL:       $29,340Using these more complete numbers, the unit you are living in will actually cost you $9,540 annually or $795 monthly.Will it work?

And if the mortgage that is in your name from the bank if that is true then your credit has now been totally trashed for years to come as well.. again why sub too is so dangerous for those that don't know what they are doing or how to protect themselves..

The idea that an area 'might' gentrify in the future is not something to bet on when you're just starting out.

Or, buy out the heir(s).You admittedly never had an agreement, and you paid $1000 total for 50% (?) 

Hi @Paras GuptaI agree with @Dorothy Butala , real estate investment is totally different from being a realtor.

The units all rent for $600 each totaling $1800 a month. 

Total payment should be entered in box 7 of the 1099.

She already brought $15,250 out of pocket when she bought the home so her total outlay on this property is going to be $100,000 or so.HOWEVER, there is another loan type - "portfolio" loans.