Muddy the water even more!

I usually figure mine at 40% but the homes I’m renting have been rehabbed and usually will have a new roof, bathroom, water heater and other items that will typically have a high replacement cost. 8)

There are also some sharks operating in those waters.

The place is gorgeous and well maintained on the outside, but I'm hearing there is some water damage on some of the walls from a roof leak.

If you are going to rent a property out, you want to repair it only to make it livable (not beautiful) and to avoid long-term maintenance nightmares (eg water damage).

Sounds good to me, thank you for the advice.To change gears, I have been contacting FSBO's on Craig'slist to test out the waters.

Owner pays gas, water, electric due to not having separate utilities.

The tenant claims she fell into an open water meter hole.

I could see transaction and holding costs being 20% of the ARV.If the floor is just wood floor that's warped from water, then you just have to find the leak, fix it, and fix the floor, like all cash says.

If you need to file for bankruptcy for that llc you will have more legal issues because you have now tainted the waters and is now sticky to un do.Its a personal choice that you will have to make once you start building assests.