I obtained a rock-solid state specific lease from a local management company.

Somebody told them about this "tape" and they have stars in their eyes thinking they are going to get a 3% commission on a million dollar deal.  

Real estate investing is not completely passive but the returns are steady and rock solid (12-30% annually depending on how you look at it).  

If you are looking in say Rock Springs, Greenriver, they are doing fairly well there, even Kemerer has pretty good demand. 

I'm listening to tons of podcasts, taking notes, and thanking my lucky stars that all the dumb things I've done, and smart things I haven't done with my first rental property, haven't fatally bitten me!

The Seller Warranties Section of the AAR Residential Resale Real Estate Purchase Contract requires that all heating, cooling, mechanical, plumbing and electrical systems (including swimming pool and/or spa, motors, filter systems, cleaning systems and heaters, if any) be in working condition.Warrantedleaking faucetleaking landscape featuresoutdoor sprinkler leakleaking tub diverter valveair conditioner below manufacturers specs on splitswindows don’t open/don’t stay up/don’t lockmalfunctioning pool lightnon-working GFI outletceiling fan will not operatewater osmosis system not functioningNon-Warrantedstructural pool leaksloose or rocking toiletungrounded outletsmissing GFI outlethot and cold water outlets reversedcracked windowsmall hole in windowvacuum seal leaking on dual pane windowsmissing or non-working light bulbsroof leaksQuestions?

Hard to throw a rock anywhere in Ohio and not run into a cashflowing deal.On my last check in 4 different counties in Ohio (None of them being major markets mind you) There were at least 25 properties that would all return 15% or greater on 100% cash deals.

Some things are just luck of the draw.When a lender says 45 days it generally means if all the stars line up perfectly and everything hums along and the buyer gives all info needed etc.So the goal is to shoot for a short closing but many times it just doesn't happen.

(It can be sheet rocked over, covered with AL, removed, etc.)  

I can determine what's possible to save (as far as flooring and sheet rock goes) and what needs to be demo'd.