The neighbor seemed happy to talk about the house and gave me all this: "It's an eye sore" "The husband passed away a while back and the wife isn't (or wasn't) healthy."

Let the space work for you. 50K is a healthy downpayment but I don't necessarily suggest dumping that all into one property. 

Wishing you all a fantastic and healthy 2024 filled with prosperity and success!

When you offer a balance sheet with a healthy amount of paid for or low leveraged assets it does help you scale to larger projects.

In the past 6 weeks since the beginning of the national shutdown, Vegas has only seen a 3-4% downturn in values but the demand for housing is still very healthy here.

I did not say an exception to federal law, I was saying exceptions vary state by state.If you're going to say banks waive something, be specific to the small banks you deal with and not make it sound like all banks will or even could waive something, and I'm pretty sure what you are calling a waiver is probably nothing more than a comment on the phone saying they wouldn't call a note.The DOS is a tool in the box banks have to manage interest rate risks, I can tell you that FDIC would not smile about banks handing out "waivers" in writing saying they would never call a note due under the DOS, won't happen.

Initially, until you build a healthy relationship, you will be managing the property manager. 

The bank has priced some of the potential into the present price - not ideal, but not bad.I think your 15K return to service budget is healthy - if you get your appliances at HD, you would be able to put them on the 24mth no interest payment plan which will save you a bit of upfront outlay and allow you to pay them out of cashflow.  

For me, this says less competition from fellow "new investors" which makes me smile a little.First-time buyers have less competition from institutional investors, whose purchases dropped to a four-year low in the third quarter of last year, making up 4.3 percent of all residential sales, down from 5.3 percent a year earlier, according to data from RealtyTrac.Full article here BLOOMBERG

My previous business has been good and healthy, with it being in the black for several years.This year my corporate financials continue to be in the black, however I haven't taken a paycheck.