If they bid it as a 1 layer tear off , with no wood replacement and there were 3 layers and that much bad wood , the salesman does not know his business .

We just had an REI meeting at Jitters there in Eagle River, not a bad turn out.

@Michael Krassos Everybody has a different risk threshold.Someone else might be happy to negotiate a steep discount for this property, by taking over a bad tenant and dealing with the eviction.Right now he's a motivated seller.

Sounds like a bad idea to let her in.

She has debt owed to the IRS and we are trying to lower our monthly payments while also finding a good home for our two children.The numbers on the house sound a bit scary to the both of us, but I see that if we hold on to it then the numbers won't be as bad.

I have a duplex that had water issues in the basement this past blizzard/melt/rain.The story goes:This is a new duplex for us, came pre-rented, and the tenants who have been there for years said that there was only a very minor issue in one corner of the basement that we attributed to bad downspout planning.

You need to have a chat with the school, get an authorization from the applicant to verify this matter.It's all about a comfort level with a SFD rental, if it's an apartment, stick close to your guidelines as their neighbors can't be viewed differently, treat all the same.

Just remember Neil, you may find a nice deal in SoCal, but there inherent difficulties with being a landlord in CA, tenants are generally treated as endangered species by the courts, one of the reasons I haven't been excited about buying more SFR's in CA.Andrew

Its a bad idea.

The bad neighborhoods of chicago have crazy, roller coaster, historical price action like nowhere I have ever seen, even Detroit.