It is a turn key property , A- condition, new roof installed 2005. 3 Units are 1 bedroom and can rent out for $700+ and 1 unit is a 2 bedroom can rent out $950+ Even at that over priced asking price of $234,000 it still can hit the 1% Rule even with me living in one unit for 12 months. 

It is a turn key property , A- condition, new roof installed 2005. 3 Units are 1 bedroom and can rent out for $700+ and 1 unit is a 2 bedroom can rent out $950+ Even at that over priced asking price of $234,000 it still can hit the 1% Rule even with me living in one unit for 12 months.

If she left the place in good condition upon move out you have to give it back along with an accounting for what you deducted for repairs cleaning etc.

My question is, if it were you would you allow the current conditions of everything that is going on right now play a role in your decision making of purchasing a buy and hold investment (keeping in mind the cashflow works)?

On a practical matter, it may also be difficult for some tenants to move in the current conditions.

You have have to determine your own buying criteria based onage and type of property, condition, location, tenant demographics, income, expenses and occupancy.

Good condition.

Exterior Paint (White trim must be repainted, stucco is in okay condition with micro cracks) - New exterior paint with trim costs $3,100, trim only costs $2,100I have a limited budget on fixing the house before putting it on market.

Based on condition of the home and length on the market I negotiated the price from 215 down to $175,000.

If the market conditions aren't conducive at that time, refi and rent to keep it afloat.