Buying a bunch of rentals, for my first deal!
I have a situation where a landlord is wanting to get out of the business, and I could pick up 7 houses for really cheap. I've run the numbers on the calculators here and there's money to be made. The biggest set back is these houses are pretty sad. They need a lot of repairs. I've accounted for that in my numbers and still come out doing decently. SO here's my questions - Am I completely stupid to take on 7 rentals as a complete newbie here? Is is possible to do any work on these houses while they're occupied? I don't want to lose the current tenants, that have rented for 4-7 years. Any thoughts/advice are greatly appreciated!