Very excited for you and your wife and the opportunities that lie ahead.

The apartments need to be renovated/brought up to-date and rents raised to market rate, this is where the value add lies.

Pay a fraction of the cost quoted to have him/her review the legal description and confirm the existing park lies well within the boundaries of the land.

This is important to know but can be lied about very easily.

Your repair and maintenance will also be through the roof as not only more people live in the house but those tenants WILL NOT take good care of the property.Financing:If you ever plan on refinancing that property it may be difficult as most lenders won't consider the income from the room rentals and most will require leases over market rent appraisal for a refinance.Economics:Now I'm not going to lie, even considering the higher repair and maintenance, room rentals will perform better than pretty much any other strategies.

I'm guessing she probably lied about the numbers to make the property look like a better deal.

However, the true value lies in the invaluable lessons we gained throughout the process.

I have a multiple buyers who would pick this up quickly but my question lies in what to do about the delinquent taxes.Schenectady, NY.

I think that the real answer to this lies within the seller and how serious they view the list of issues given to them by the inspector.

I believe that being a part of this group will allow me to expand my knowledge, skills, and networks, which will help me achieve my personal and professional aspirations.Overall, I am thrilled to have made the decision to join this amazing group, and I am eager to see what opportunities and learning experiences lie ahead.