Lenders like income streams that have two years of history; if you're a W2 employee, you need two years of employment in the same field, and if you're self-employed, you need a business that demonstrates the same level of income for two years.If you buy some property for cashflow, a lender probably won't count the income until you've owned the property for two years.

An apartment can have downtown-level condo finishes but will stay stagnant and vacant if the bedrooms are 7x7 depending on what your tenants are looking for.I personally don't reply to zillow/trulia/hotpads direct messages/emails from the system.

I wouldn't want to be stuck with a property with non-performing tenants without some level of confidence that they'll vacate the property/have the process of vacating the property started.

Perhaps it depends more on the experience level of the buyer, but I'd be glad to take that 3% discount for representing myself. 

(yes, one zero) It has a single level 100+ year old home on it now and is on a double lot.

@Sahil AgnihotriIt all depends on your goals and comfort level.

In some states, you also avoid entity-level tax/fees if you have a holding level LLC (applies to both SMLLC and MMLLC).

Contractor B, California) at the residential level.  

But for a moment, let's work under the assumption that the foundation is in good condition and within tolerance of being level (usually 1 inch). 

The basement is composed of concrete block topped with common brick above ground level into wood framing.