i would have been jumping up and down at 68k, but it's ok, the numbers still work. as i have said it before, everything happens for a reason and my short RE history has proven that statement many times.the house is 1400+ sq ft, located in westland, close to garden city, dearborn heights, livonia, canton (tagging lol). it has 3 beds upstairs, and an additional add-on family room with a fireplace. that family room is worth the 10k they asked for. if it didn't have it, i would not have gotten it.rent will be around $1,250 per month. that area of westland might not be able to get me much more than that, regardless of the condition/sq. footage.taxes - around 3kinsurance - around 500 per yearpurchase price - 80k, 20 yr , 5 yr baloon at 4.95%repairs will be around 15k, i hope. i updated one IDENTICAL, 1 street away and it was 22k, but that had roof, exterior, and a lot of bad contractors to deal with.i am still wrapping up #21 and working on #22, so we wont start on this for at least another month. but i am happy that i am just 1 month away. just 3 weeks ago, i was 4-5 months behind in the work i had.what else?

We put in about $60k in rehab, and we now rent a 2-bed unit for $2400 and Airbnb the cottage for about $2000 (so far - it's still early to get reliable long-term numbers).

Well the market in 04 here was HOT.. and I took a two bed and made it into a 3 bed. so the market rescued us.. as the property in the year I owned it went up about 75k in value.. ( not something in most areas of the country you can count on or will have happen).. so we made a profit.. but it could have been a bummer.And to add to the complexity senior deferral you can only find out about it by calling the tax department at the county there is nothing on line. or of record. 

I just bought this 3 bed 1.5 bath 1400 sq. foot house in Decatur - nicer end of Decatur.  

I came across this house built in 1983,bank owned. 3 bed 3 bath 1400 sq ft. 7000 sq ft lot.in an overall nice neighborhood.  

A 5 bed 3 bath Victorian for 50,000 in prime location or 2 bed 1 baths for 10,000.

All the other homes we own are blue collar rentals 3 bed 1 bath types with a duplex and a triplex mixed in.

Tucson is a heavy travel destination in the winter time (although we're getting our butts kicked by El Nino) and I, as it happened, recently had my parents visit for the first time so I'm (relatively) flush with clean towels, bed linens and a new grill. 

property is 960 sqft with a 960sqft basement. 3 bed 1 bath, 2 car detached garage.bought the house from HUD, I am a realtor and I listed the house on MLS.

Items to be complete:Framing of small 6 foot wall with door to make the master bathroom more private from the master bed room.