I would simply deduct the cost of the repair from what my offer would be if there was no need for repair (provided a positive and sound repair is possible - again, anything is possible with enough money).

If it weren't for the other positives with the LLC I would be tempted to take the $300 per year just for the LLC state fee and buy some fantastic umbrella insurance.

Hopefully the rent will make it so that the deal is good through and through.I could find enough deals for that price where I live that I would jump right on that financing and still have positive cash flow.

The landlord is ready to sign.Angel, if you put the property under contract you are in a better position to negotiate with a potential new owner than if your landlord sells without your involvement.

Perhaps it would be more honest to come to this realization and instead enjoy an extended weekend in Vegas burning the money on loose women, high stakes poker and your mind altering substance of choice.

No matter your position on gold there is no arguing its price is high in recent history.

They won't have the same appreciation as single families but it is far easier to generate positive cash flow while still paying a mortgage.

He (or she) would be in the best position to advise you since an S-election is based on tax, and not legal, issues.

As someone who just completed your first deal, you're in a great position to share the details while they are fresh.

At that point, I think I will move to California and pay you to be my mentor.I think I understand your investment strategy of purchasing a cash flow positive property with possibility of HUGE appreciation upside.