Last year I partnered with a banking buddy of mine to purchase a home in CT, cash for $175k (I finance it, he does all the work - we split profits), but after a more critical inspection, he found water damage that ultimately led to the deal falling through.

If the breach is not remedied within the five(5) days, the rental agreement shall terminate as provided in thenotice subject to the following: If the breach is remediable byrepairs or the payment of damages or otherwise and the tenantadequately remedies the breach before the date specified in thenotice, the rental agreement shall not terminate.

Purchase price: $26,500 Cash invested: $52,000 Sale price: $135,000 Fire damaged SFH in my neighborhood.

Purchase price: $26,500 Cash invested: $52,000 Sale price: $135,000 Fire damaged SFH in my neighborhood.

I flip fire-damaged properties and own a fire damage restoration company.

@Cassie VillelaI’d recommend First Service, the Bosworth company or one hour air conditioning.

It seemed like there were a lot of Expats there, some of which were doign Air BnB. 

That can cause problems as the companies won't want to pay more rent for space that just occupies air and landlords won't want to provide negative space that they can't collect rent on but still cost money to maintain.I have never liked the office space sector for commercial investing and really do not like it now.

@Dan Heuschele, that makes sense - I’ll get hunting to see what I can find.In the case where you have 3 homes managing the road for the group of 5, if the road needs to be fixed but the 3 managing homes don’t want to do anything about it, are you stuck with a damaged road?

If the tenant gets kicked out of their place, it likely damages their ability to continue on the Section 8 program.