I'd also expect some subfloors to need replacing, potential mold remediation,  and  a lot of dump fees!   

Water could be heard moving through the heating pipes as well, which is symptomatic of air in the system and a possible failure of devices on the boiler meant to purge air, 2.

Renting isn't always a bad idea, it buys you piece of mind and a chance to make a great gameplan. 

To me, poor tenants in "war zones" are too risky and A class properties have too little reward due to the low risk. 

@Marco Campos I have several apartments in the 12-22 unit category and a bunch in the 1-4 unit category.

I close of 7/20One thing that I’m also wondering about is they have a dog and a cat.

I close of 7/20One thing that I’m also wondering about is they have a dog and a cat.

Other methods of funding I use are a Personal Line of Credit and a HELOC.

In my case, I don't use an LLC for my real estate holdings. but use an LLC for an active business, an S Corp. with a DBA for 2 different businesses, and a C Corp, since closed, for real estate management.In my view, closing one and opening another would involve paperwork and fees, but keep your accounting much cleaner, as you probably agree.

Even if you want the easiest, most hands-off turnkey option (so paying market prices, not deal hunting) you could set yourself up with a few thousand bucks in monthly passive income, and a handful to 10+ properties, depending on whether you leverage that equity to the hilt or pay cash for a few properties.