That's why I'm blown away that this Pace guru is screaming about subto from the rooftops.

House Duplex: 1900sq 3bd, 3ba house800 sqft 1bd, 1ba aptYr built: 1960Tried to sell for $225k since Apr - Potential to force value though renovations- no upgrades made since 1960- all required make-ready repairs are mx… not value-add- plan is to buy-and-hold, these repairs would be needed eventually… might as well get them done now Financials Sale price: $199kInterest: 8%Down Payment: ~$40k (20%)Closing costs: $12kMake-ready repairs: ~$10kCash flow: $200/month - still cash flows at 8% interest- Cash reserves available for unexpected breaks; paying mortgage myself- Must receive combined $2700/month to break even Seller contributions $2k towards closing$10k towards repairsHVAC routine mx$1k Flood insurance renewal $250 termite inspection$125 foundation warranty transfer fee - Extremely motivated old lady… but she’s basically at the end of her rope… nothing left to give- So many repairs and basic maintenance needed, even at this price w/ seller concessions… might not be a good deal Location Donaldsonville, LA~1000 personnel; 500 are contract/temp at any one time~600 employees at Shell in Geismer (~30 min away)1hr from New Orleans45 min from Baton RougeMarch 2025 – final confirmation of Hyundai steel factory- $5.8B investment; first north American electric arc furnace (EAF) – groundbreaking Q3 2026 - Potential for property values to increase soon- New/more people expected to enter area- Small town – not much new construction & limited inventory: potential high demand for rentals- Hard to trust anything in current economic conditions… something could go wrong/be cancelled between now and Q3 2026 General mx General Handyman tasks = $2kDoor trim/adjustmentReplace rooftop vents with thimblesFix ceiling fan (counterweight)Add smoke/carbon monoxide detectorsAdd gutters = $2kTrim 2x large trees overhanging roof = $2k - Seller unwilling to perform any of these- My $10-20k is going towards repairs instead of renovations/upgrades- “don’t know what we don’t know” – will likely find more things as maintenance is performed Plumbing Inspection revealed cracks in original cast iron and terracotta pipes: $22k to reline all; $8k for cast iron only (from only 1 bid) - Not an emergency *yet*; can defer though not a good idea - people think the $22k quote is way too high (2 realtors, 1 contractor) Electrical Replace cloth and rubber-covered wiring = $11k - Seller contribution of $10k towards repairs mostly covers this- MUST be replaced- $11k only covers cost of rewiring – not drywall or panel replacement should they have to cut through walls HVAC (additional HVAC mx, if needed = $1.5k)Add attic insulation = $2k - Seller performing basic mx- Both units are old and neither uses EPA-approved refrigerants allowed today. - One is a 2-ton and the other a 4-ton – likely looking at $16k to replace both if they break- Attic needs an additional ~7in of insulation added; without it the HVACs are working harder than necessary – shortening lifespan but insulation will cost $2-8k Foundation Foundation inspection (same people that inserted foundation pillars for $8k suggested adding 8 more pillars for $15k) - Basically every home in Louisiana has foundation issues… it’s a swamp- General inspection report doesn’t think it looks bad- Mx can be deferred- Current foundation warranty exists for life of structure- Costly to add additional piling support to remainder of house

what are you interested in?

I think the reason they show TBD is because there is a delay in finalizing things on the side of the attorneys and mortgage company.

However, I can see that there will be a change in finances with the housing voucher that would apply to my unit.Would you accept this applicant?

I got my degree in finance and am a lender so I have always felt like I could just do it myself.That being said, we feel we are getting to the point where we should probably look into hiring a financial advisor / planner. 

Avoid using "roof top" logos.

But, there is another concern, someone teaching you how to make a note and security agreement, just use a standard agreement, don't get screwy in terms as this is not real estate, it's finance and you should never try to learn finance from a real estate type, unless they are really qualified in finance from other formal education. 

Of course, there are always legal/liability issues when you open a rooftop for tenant use.

Your time is a huge factor in this, Nathan has a great post above that provides in fine detail here.