(mortgage, water, hoa.

Adding to that, unless it's a cash sale, chances drop even further.If seller is selling above market, and you are a cash buyer, why not just bypass that process altogether and show up at the courthouse steps and bid for it?

Thus, even if you get a portfolio loan and drop 10+ properties into them, you still won’t be able to qualify for Fannie/Freddie financing.

I suspect water is getting under the shingles from much higher up.

Another reason to deny them the claim is any mold or other issues the water caused.

I know you've got them because when you're analyzing tons of deals you're not stopping the whole process to get an exact age on the hot water heater :)I usually plug in 1% of purchase price per year for CapEx for a SFH plus 4-10% of gross rents for repairs.

Oil and water don't mix.

Hello, I am looking for recommendations for property management companies in Clear water, FL who can handle multi unit buildings.

Westwood is the largest neighborhood in Cincinnati by a good margin.... so like you said... it gets written off as C-D class.... but there are tremendous pockets where people are renovating/fix ups.... as you said.... if someone dropped you on Epworth.... you wouldn't know you weren't in Hyde Park. 

At the meetup there was a speaker who was talking about his success to financial independent and when he went through his list of rentals he bought over the years it left me with a lot of questions. 1: Most of his rentals he bought in B+ to A area's in the 300-450k range in Florida.2: His numbers just didnt make sense, one deal he posted it showed literally like a +$5/month cashflow only....So afterwards i started to talk to him more and he mentioned that he is not the type that invest in cashflow, he is a equity investor... intrigued me so i asked more questions and basically he went on to explain to me that he buys properties that need a little bit of work, but have built in equity in the deal, but he has 4 main rules he goes by... 1: If the Roof is greater than 10 years, he always puts a reduction in his offer for a replacement roof.2: If the A/C is older than 5 years, he always puts a reduction in his offer for a replacement a/c.3: If the house is older than 30yrs old, he always puts 10-15k reduction in his offer for a water line replacement.4: He refuses to buy houses with pools....Anyways after a bit of talking he explained to me that he buys larger 300-450k houses, because most investors are educated to not buy them, so there is a lot of room to wiggle on the deals due to lack of competition on offers and most people in that price range are easily able to be purchased with a few % out of the deal to skip agent commisions..Example he gave me, he recently bought a 455k deal for 405k, but the ARV 535k, because he talked them down in needing a new roof, and a/c and offered to pay cash instead of going through an agent if he would drop 4% off the price for that...