Snow and lawn average 1k as well. 6k total.Let's imagine 4 disasterous years in a row - with an eviction every single year at 5K and one major mechanical failure.

I would look for your homes that are listed as investors special, mechanics special, contractor's special, or something similar.

We didn't have any mechanical fixes, although we did get a new water heater this year which cost just over $700.Property Management = $1,684.

Things to watch out on are what you'd watch out on any property -- all of the major elements of the home, plumbing, electrical, mechanical, foundational/structural, roof issues.

I've learned a ton and enjoyed every minute of it, but I've also seen the 60 year old men with bad backs and knees that never progressed past mechanic/journeyman level and will be nearly crippled in retirement.

We've done full scale renovations before but I've historically relied on my contractor and long time friend for the evaluation and decision making with respect to mechanicals (HVAC, plumbing, electric, etc..), but in the past our homes have been in the $150k-$250k price range.

If the property is permitted to have 3 units, then you have to consider finished ceiling heights, window sizes (unsafe to have "basement" sized windows for an apartment), flooding potential, placement of the mechanicals, size and nature of the entry, whether or not there are 2 ways to exit and a number of other practical considerations and considerations dictated by the laws and codes of the area. 

Buy HD or Lowes or Menards gift cards at the supermarket and you effectively get an additional 6% off whatever other discounts you get directly from the store because it is just a payment mechanism.  

@Stephanie Moran he can and probably will file a mechanics lien on that house!

Buyerwill be responsible for any costs incurred by Buyer for any inspections or certifications obtained according to the terms of thisAgreement, and any costs incurred by Buyer for: (1) Title search, title insurance and/or mechanics' lien insurance, or any feeforcancellation; (2) Flood insurance, fire insurance, hazard insurance, mine subsidence insurance, or any fee for cancellation;(3) Appraisal fees and charges paid in advance to mortgage lender(s).Line 707 the selling agent says my realtor was supposed to check off:Buyer and Seller agree that if there is a dispute over the entitlement to deposit monies that is unresolved_______days (180 if not specified) after the Settlement Date staled in Paragraph 4(A) (or any written extensions thereof) or following termination of theAgreement, Whichever is earlier, then the Broker holding the deposit monies will, within 30 days of receipt of Buyer's written requestdistribute the deposit monies to Buyer unless the Broker is in receipt of verifiable written notice that the dispute is thesubject of litigation or mediation.