I've been amazed at how little extra wear & tear there is with that many people in and out of there.Caveat is that we are the only town actually on the entire 470 mile Parkway and we have the only snow skiing south of WV so there are a few unique draws to pull from a huge market area.

If previous evictions were for non payment, have a provision in the lease stating it will not be renewed unless he brings cash to the table (subsequent month or two).Yes, people can change.

If there are annual fees, the HELOC can get expensive, but you can usually make interest only payments and go back to draw down more as you need it.

I became an engineer to solve problems, the same mindset seems to be drawing me into real estate.

None of this is meant as a deterrent to you but rather a suggestion to make sure you are not drawing conclusions to this asset class that may not be entirely correct.

Michael SeekerOne negative to FHA 203K is that you can't do the work, has to be a licensed contractor with bids and draws, which increases the overall bill.We sold a place where thieves stole the copper.

Draw up any reports on the site which talk about job growth, local support for improvements.

I bought this 3 family house back in June knowing this was a huge draw back, but the seller worked with me on the cost of removing the asbestos.

You dont want to buy his new shop vac and cordless drill.You'll have to approve draws on the money as the work gets done.

Though our son isn't an architect, he draws all of our site plans, and preliminary designs, we then take to our structural engineer to do his part, and we have an architect that reviews and posts notes, etc.Price ranges vary so much across the country, I have no idea what is expected in that price range where you are.