That treatment makes it less porous but not sealed from water damage.

Ground water takes the contaminants into neighboring properties.

The way those vehicles are parked, and the constant coming and going of people may catch the attention of your HOA or a nosey neighbor and that can land you in some hot water.

I had one recently that I couldn't clear with a snake, chemicals & water pressure etc.

Monthly Income: $2,200.00Monthly Expenses: $1,815.61Monthly Cash Flow: $384.39NOI: $12,238.00 Total Cash Needed: $51,500.00Cash on Cash ROI: 8.96% Property InformationPurchase Price: $167,500.00Purchase Closing Costs: $7,000.00Estimated Repair Costs: $11,000.00Total Cost of Project: $185,500.00After Repair Value $200,000.00Down Payment: $33,500.00Loan Amount: $134,000.00Loan Points: $0.00Loan Fees:Amortized Over: 25 yearsLoan Interest Rate: 3.000%Monthly P&I: $635.44Vacancy $66.00 (3%) Repairs $110.00 (5%)CapEx $176.00 (8%) Electricity $100.00 (5%)Water & Sewer $100.00 (5%) Insurance $120.00 (5%)Management $154.00 (7%) P&I $635.44 (29%)Property Taxes $204.17 (9%) HWT Rental $25.00 (1%)Heating $125.00 (6%)Total $1,815.61 (83%)Debt Coverage Ratio: 1.60Appreciate your feed backs!

A few recommendations to add to this thread: - Oil based primer goes on far better than water based primer and covers the previous paint and bare wood more effectively (just make sure to use a separate brush from your water base one and clean it out with paint thinner) - You can apply a water based paint upon oil based primer once it dries without a problem.

Pollution to the ground water could impact neighbor's wells.

Still just testing the waters.

Do the tenants pay water, trash, electricity, and gas?

lol and could take longer period of time to complete) with fixer/turnkey older homes: (which you probably know already) con: - had to worry about HVAC, water heater unit being old and not replaced yet - if it was somewhat fixed already - dealing with potential short cut work from previous contractors - find any unforeseen issues that you'd have to have trustworthy people in place to find out for you (with your due diligence in place)- could have issues after purchase when you try to do your rehab Pro: obviously even with those issues above, there "could" be more ROI in place when its done.New construction: con: - not much addition to do to add more value to your home - Hoa fees could be higher - because newer neighbors use CPM (community property manager) in the beginning - Need to know if the neighbor has a cap of rental properties before purchase, and need to purchase quickPro: - like you mentioned, less capex and maintenance - potentially find a tenant faster - most of the things in the house has warranty up to 5 years Also, if you do end up buying new build, look around the area to see if there are more new constructions going up, it could indicate that population in the area is growing and the area is in demand.