The bright white tiles brighten up a space and is an inexpensive way to update your kitchen for sale. 

We are not showing a management fee because we are planning on renting one of the units to our daughter and have her serve as the manager for the other two units (feedback on that is welcome as well).The units have been updated in the past few years and the owner is a licensed contractor who did a good deal of the work with his company (plumbing, electrical, windows, roof).We are planning on using a HML that is offering a 30-year fixed load, 1 point to cover early refinancing since they do not have a penalty to do so, an underwriting fee of $995 and a processing fee of $695. 

I could talk for days about the pros and cons of historic homes but the most important part in my eyes is a solid roof, structuraly sound foundation/beams/crawlspace, and updated electric.

Update: I found a lawyer who stated I had a solid case to bring against the seller.

The house is pretty old and definitely needing some updating.

Due to backlog of evictions, I'd rather keep her another year, give her ample time to find a new place, then in a year I can update the house and turn it into a nicer rental property which is the goal in the first place. 2.

Any updates from experiences?

I have ample people that would co-sign on a house for me to get another one but I'd like to take out a business loan instead as there are more write off potentials then a personal mortgage.

However, you will want to target properties that need quite a bit of work/updating but are still livable by FHA standards.Alternating who takes the loan would technically double the time you have to push equity high.

-Be very mindful of the location, there are a few areas of Red Deer where the tenant profile is quite poor and vacancy is higher, double check with your realtor but I would avoid anything in Highland Green, Riverside, Fairview, Eastview (a bit more street specific) and downtown-The units in buildings like these are not generally updated often (if ever), so you may not have reno costs now but there is a good chance you will when tenants start to move out, just make sure you plan for that.