Essentially you both are taking the good, the bad, the ugly legacy issues you potentially have individually and with your generations of families and blending into a new combined unit going forward.Imagine carrying a sack of weighted down junk that tires you down and every once in awhile you look into it to see what is so heavy but then close the bag back up because you do not want to do deal with it right now so keep carrying it.

If you find a deal that appears to offer 20% cash on cash(with or without financing, or whatever,) then you're missing something- like the roof will need replacing very soon, the likely tenant base is untenable, the house is hot with lead paint/asbestos, your sewer line was plumbed through your neighbor's basement because 50 years ago the neighbor's were super chummy and wanted to save some dough, but now the fancy lady who just bought the adjacent house has uncovered this fact and guess what!

If you go this route, seek recommendations, research the principles and take your time with due diligence before investing.Another option could be getting into multifamily properties where your expenses will all be under 1 roof.Lastly, if you decide to sell the 2 properties, connect with a 1031 exchange specialist before selling to uncover the tax implications.All the best!

If you have cash flow — based on whatever your risk level is (six sigma, whatever)  — then the leftover outliers are UNCOVERED risk.so I question your basic premise.

As a learning experience for others can you post what you uncovered.

@Anthony WickI suppose as long as it’s a light color so you can touch it up without potentially needing to repaint the whole room or wall since the light color should blend together.

It will blend in with all the other minor blips you'll have dealt with by then.

First, I think you may be blending two topics. 

Originally posted by Account Closed:Two words: Hot Stacks Account Closed You have uncovered my deepest fear: that there is something big  and important that I have left out of my analysis!!

KC is a blend of cash-flow and appreciation in my view.