I have a seller who is offering me credit off escrow closing costs in exchange for furnace that doesn't work, etc. Why would a seller prefer to do this (instead of cash to me)? And how would the seller compensate the ...

Of course, there are times when you get a bad apple.

Much of the City is unemployed and type of tenants that are attacked to this situation are all bad.

I think our NW would look pretty bad if we hadn't been heavily in RE for the past 25-30yrs.

I have 2 cases where they no longer work for the same company and always made rent payment by check.I have contacted a judgement recovery service but with all the out of pocket expense and vacancy I am trying to collect as much on my own.In such case, I will check if it is possible to garnish income tax returns in GA as Patrick suggested.I hope I will be as fortunate as Andy, I have lost so much rental income on account of bad tenants.

One could be a maintence nightmare, and one could have no issues and good tenants for 5 years...If the property is older, has a bad roof, appliances are going out, etc, then your numbers will adjust.Welcome to BiggerPocketsDanny

Breaking my left hand in a bad accident has taken me out of the real estate game for longer than I hoped...

But now that you can actually spend money, send texts, send e-mails, etc, the risk is much higher.Think about a couple of scenarios that could occur when a bad actor finds or steals your phone.

My figures are coming out to 17k for whole house, 17k for plumbing, ( both from the contractor as estimates ) as for windows 10-12k, count find asbestos removal estimate yet, Interior of both apts will need to redo flrs and linoleum as well as kitchen cabinets - Its will also need wall paper and paint and fix any bad floors or ceilings or - each apt is approx 1400 sq ft the house is in a desire-able neighborhood and has much carisma with a 3 car garage and possibility of an extra lot.. its a big project but I have to figure the repairs cost to a close estimate so i can make an offer - they are asking 85 and arv is 135-40 whacha think ?

Your risk is your ability to judge ARV accurately ahead of time.If you're going to buy and hold for appreciation, I think Florida is a bad short term play but given how hard areas have been hit, in 30 years prices are bound to have gone up.If you're looking to be a landlord, cash flow calculations are pretty easy.