When I first started out I really had no idea what to think, what to do, or where to start...Today, I just finished my third investment as a private lender for a rehabber (earning 12.5% interest) and I have a fix and flip in the works (thanks to a great team I've been lucky enough to align myself with over the past year) which looks to be finishing up in the coming months.

Or, I might ask to see statements...Or, which is most likely, I might just say - this looks like Waldo if I ever saw one, and there's no chance in hell I'm paying utilities on 6 doors...Hope this helps, Tony.

He was skeptical based on same house slightly larger and newer inside Two doors down listed at $159k for over a month with no offers.  

So how much life is left on your roof, water heater, furnace, decks, garage door, sidewalk, driveway and then take the years left and divide by the cost it takes to fix it.

But no-one can prove in advance whether a particular property might fall on one side of the line or the other (40% ~ 60%) in any given year.GENERALLY, multi family properties might have lower cap ex per door when it comes to roof replacement for example, but hopefully you will have worked that out.

, the countertops would be replaced (not as important but definitely needed), painted, cleaned, tub would be tackled and re-caulked, the garage door would be fixed, and that would all get done before the move in date.

His property management company outright owns about 100 doors and manages over 600 in Eastern Washington.

Not something I want to do or can afford. 

The 2 houses right next door were built at the same time and are the same house with reverse layouts that sold for 345 and 350 in May and June of this year.

I'm guessing he was behind the door as the beneficial owner of the entity as well.