i assume with age, deferred maintenance, old appliances, basically time machine when they went into retirement, thats all good. 

To stay safe in DC, you absolutely need your Basic Business License (BBL) and a lease that includes the DC Tenant Bill of Rights, Lead Disclosure, and your Rent Control Exemption status. 

I only move forward with prospects who meet my basic criteria—income requirements, minimum credit score, and no prior evictions.

It’s basically an inflated version of paying 5-10% over ask and then asking the seller to cover that much in closing costs/repairs?

This is just a basic rundown.

Basic compliance costs are manageable per entity, but complexity and cost rise fast with multi-state filings, ownership changes, K-1s, and banking/lender documentation.

I tried emailed the creditors asking for forgiveness and was basically told to kick rocks.

Just basic updates like paint, flooring, a kitchen, and maybe a bathroom. 

If you’re looking for deeper real estate investing resources that go beyond the basics and prepare you for house hacking and commercial investing, there are a couple of books that can add real value.

What’s really interesting is that the basics of all these “strategies” were being taught by “gurus” in the mid 1970s to mid 1980s.