Back in the day (now I sound like I'm ancient) we used to be able to do exactly what you describe.

It was built in 1994 so it is is not ancient and I fairly close to the down town area and the university albeit I have read about college unit horror stories.  

There's an ancient coral ridge that runs along the cost thru the gables, the grove and miami proper.

Last week, I happened upon a community action meeting and I met with a former representative of the "ancient" community redevelopment agency (CRA), (remember those days guys?)

A thorough rehab plan to update the ancient systems should be considered.

Hi, all:Sorry for resuscitating an ancient thread.

Also just bumped into this ancient thread on the subject as I searched for this book-- other offerings from our colleagues, 9 years ago.  

I find it increasingly amazing that so many do not understand the way things worked just a year ago is ancient history.If you are buying REO and have the ability to perform, meaning ready access to the funds, you are in the drivers' seat.

The WLB lease (unless you use an ancient version) states that if nothing is done it defaults to a month to month.You can send them a Notice of rent increase (which you can get from WLB as well) sign an new lease, or do nothing and go mtm.I find that a 60 day notice from the tenant is not very helpful, most owners don't start showings until after the unit is vacant, so what's the point?

Stay away from knob-and-tube wiring, galvanized water supply pipes, ancient gravity-fed hydronics converted coal-burning boiler arrangements, foundation issues.Why a duplex and not a more profitable triplex or quadplex?