Best of luck in all your endeavors

Or, using Nik's analogy above, perhaps he's trying to inflate the price attempting to attain a 50/50 split: $1.9m for the land and $1.9m for the construction.Figure out what number works for you and make an offer to see if he bites!

You have a legal obligation to pay rent, but the owner has a legal obligation to make reasonable attempts to mitigate damages.

Essentially, I am trying to figure out whether or not right now would be a good time to start my new endeavor as a rental property investor.

So if all your tenants move out in winter and you can't find replacements, you're screwed.I'm sure most Landlords will adjust and they will generally do fine but this is an attempt to slowly steal away private property rights and treat the Landlord like a criminal, essentially punishing you before you've done anything wrong.I'm currently working with three investors that are selling all their properties in California and moving their investment money to Wyoming.

I sold a business a couple of months ago and I have about $350k to invest in rental properties in an attempt to establish a solid stream of passive income for the rest of my life - turned 26 last month.

View report*This link comes directly from our calculators, based on information input by the member who posted.Hey everyone, this is my first analysis attempt for a BRRRR in my area, I know that this is not a good deal according to the numbers that will be seen but I was hoping someone could look at it and maybe post a counter report so that I can get a feel of where I'm making errors.Thanks in advance,Devon

@Jeremy Brown - Congrats on your first attempt at organizing a meetup. 

I finally got an offer accepted. In Toledo OH Now on the appraisals and inspections. Got offer accepted at 40k little work needed in the 43612 washington school district.

Building a new wall is actually something to consider when the repair is so extensive, as it might cost more to attempt to repair than it might to replace (no need for beams then, and those are $200 each - that adds up fast).