I am seeing people pay 275k for dilapidated 4 families with 50k deferred maintenance renting for 625/mo/unit and LL responsible heat and water.

(Water left on etc).

With the water supply lines underneath the home, it's important to wrap them in heat tape and make sure the skirting is always secure.

Is the filter clean.

Long play for appreciation seems ok, many people on west coast do appreciation over cash flow.you might want to plan more Maintenance costs depending on age and condition of roof, siding/paint, furnace, water heater, plumbing ectProperty management for 8-10%, unless you will manage yourself

We also go on to list different examples of negligence such as clogged drains due to improperly disposing of materials such as grease, sanitary napkins, ect AND changing furnace filters, batteries.

Hopefully the information warning will be enough to get them to shape up before I have to move into more legal waters.

Once the valve opens and the water turns on, a leak or flood will likely follow. 

We plan on doing this through a series of flipping and rentals.Type of Property: The property we are looking at is a 4 bed 2 bath single family home @ 1865SF.Location of Property: WIPurpose of Financing: Purchase-Renovate-Cashout RefinanceType of Financing Sought: Note sureCurrent or Prior Ownership of Realestate: NoneOccupancy: Living with parents after graduating school to save moneyValue of Property at Present/Offer Price: $100,000ARV: $200,000Anticipate or Actual Appraisal issues: Yes, currently vacant and winterized (wont know if water is working until purchase)Current Rents per month: $0Fair market rents per month: $1,750Down Payment: available right now $5000Source of Down Payment: own funds Income Source: SalariedGMI: take home around $3600Monthly Debt Obligations: student loans $1000FICO: GoodCredit Issues: none really never late but student loans do suck

Thank you First ignore the equity filter as it’s usually not accurate.Second just keep it simple.