@John BlantonTo Ryans point above, 2.8% CD is excellent, especially if you are referring to the very short term.If you have the ability to pencil in bigger ticket items with a defined date, you could potentially do better.

Looking at the other factors like income, background check, tenant history, references, etc. allows a more broad view of the potential tenant so you aren't relying on a single factor.

You'll be able to go after your tenants for back rent, and evict them, within a reasonable defined  length of time -- the end of the pandemic.

I will not walk away from any flaw in the property itself where costs are definable.1) Is it possible to get solid bids that stay in line with the budget (and appropriate margin for error/unknowns vs ARV2) Physical inspection must reveal the full scope of the issues not don't enter the dreaded "we won't know till we tear into it."

Not all the clauses are identical and in many states tenants have been losing their cases because either the language was too broad or too narrow.

Move to Jersey or adopt the get-the-&%(^-out-of-my-way look at that personally, at 5'4", I've had to adopt for a platitude of reasons.I think you'll need to decide if you truly want an investment property, or a I'm-young-in-my-20s-and-looking-for-a-vibrant-neighborhood property. 300k can buy you a duplex in South Philly, likely shoddily done, 2 blocks from Broad.

Improvements have a much greater impact on the value of your property than repairs, and they are calculated quite differently when it comes to filing your taxes.The IRS defines repairs as those that “do not add significant value to the property or extend its life.”You can deduct improvements made on your property, however, you cannot deduct the full value of the improvement in the year the improvement occurred.

I'm not sure exactly what defines the Westbank, but I always just kind of considered it all the cities on the West side of the river from the city, like Harvey, Gretna, Marrero, Westwego, Algiers, Terrytown, etc.

We will consider adding language to our Lease if something is not covered that an owner wants.What do you & the tenant define as a MoveIn Inspection?

But there has to be some upper limit on medical costs in the US especially that outcomes at a broad level are not really improving given the headwinds of obesity etc, even if you can make a tenuous case for better outcomes in a given cancer (I spent hours researching this recently).Young doctors will get themselves into mega debt to go to medical school if there is the promise of making it back through the high pay specialities.