(oh - and don't forget a photo!)

Now, in a few more years we'll put a paint job on it, probably 6 to 8K, about $33 a month over the holding period.Saying that all the analysis goes out the window at the end of the year when no real maintenance or improvement issues arise, it can be the cost of cleaning supplies, nothing in the big picture.

Also, don't forget about tax harvesting for next year.

Clearly explain your plan and time frame for getting back on your feet - the property repairs, rent increases, evicting the bad tenant, wife applying for new jobs, etc.What is your equity position on your current home?

Don't forget to the owner has redemption rights, if there is significant equity the may belly up and pay, that's your best hope. eAnother issue, there are many who buy notes and get a property and keep it as if they bought it, you didn't buy the rights as a lender foreclosing, you have a collateral interest.

The average reading inside the house was 500, and that's with the front door being left open by the FD for about 15 minutes. 500 is over 10x's the norm.I write this mainly to those that have rentals with gas appliances, please don't forget the CO detectors!

I turned on all the faucets, flushed toilets, opened windows.

And, to those legal eagles out there thinking there is some statute of limitations, forget that, the clock begins upon discovery of the deal not when you did the deal.

We should never forget that the problem is with the owners.

If you bring them the room dimensions, and the window and door measurements, they will do it for free in store.