The water service lines need to be inspected as well and if they are galvanized that would be a deal breaker for me (unless the price is real sweet) I mean this is probably one of your biggest investments if not the biggest.

Please send me a pm if you would like to discuss this privately.

It was newbie lack of experience on my part, and also the agent had no interest in advising me much, only to tell me which areas he wanted me to buy in, the areas that would be the least management headache for him and make the biggest 10% commission.

Taxes and escrows are the biggest part.

These factors are the biggest drivers in your overall success.

Houses here are extremely new compared to other markets, we don’t have bad weather events, property taxes are low, with 13 properties water heaters and appliances are biggest expenses and even that is rare, less than one per property per year. 

Hi Forum.I'm in the midst of forming a private fund Syndication to acquire commercial, multifamily properties. 

(My biggest question)When I reach out to the owner should I mention the inspectors findings, if any?

They tend to know more about real estate than private lenders. 

Maybe look into a private or public reit where your parents don’t have to work as hard in retirement.