You can also try the search tool on the top right corner to search for previous discussions on the topic.Hope that helps!

Send the other tenants notice to quit due to safety issues, and see if they continue to allow that.

So, here it goes...Living in New York, NY my wife and I are interested in real estate as another tool to building wealth and providing for the future needs of our family.

Tenant safety should be a primary concern regarding your liabilities. 

I never knew those tools existed... amazing!

So to me, the 30 year mortgage is more of a safety net for the lowest possible payment if it sits empty.

He probably wanted you to figure out an actual estimate for the repairs and then add on several percent as a safety margin.

Some things I have learned so far are:There is no short cut in becoming successfulKnowledge is powerLack of knowledge is expensiveInactivity is the killer of all dreamsExcuses are the tools of the incompetentWholesaling isn't possible without a marketing plan and a budgetIntegrity and character are EVERYTHING in this businessThere are some great people on this site willing to mentor and partner with youYour commitment must be greater than your risk of failureThe list could go on and on.

What I do now days is project management, contractor negotiation, and construction safety / risk evaluation.Real estate takes a lot of street smart, instead of "book smart".

Live in Clatskanie, OR.Ideal price approx 50K per unit. using 20% down conventional currently.Have tools.