Investors in any asset class will use “margin of safety” as an investment strategy.

As a food for thought, if you personally are not qualified for a loan, perhaps you can ask your parents to sign off on it with you.

Hope that provides some insight and food for thought. . . . . 

It is essentially a shell so all new systems need to be placed and installed including fire safety.

Real estate gives me the feeling that I am in control of my own destiny, and I don't have to rely on others to bring food to my table.When I feel discouraged:I reread Rich Dad Poor Dad and read success stories here on BP.Please share your own "why's" and what you do to stay motivated!

To get 80% of local price fluctuation you have to add at least next quantitative variables:- real estate taxes appreciation rate,- purchasing power (money left after immediate needs - taxes, insurances, food etc)- net/reverse migratory stream,- CPI,- construction of new homesNot to mention subjective variables:- confidence (will i have enough money to pay the mortgage tomorrow?)

We did not make any provisions for him to earn income during the flip, so he had to work a few other jobs to keep food on his table, so the project took FAR longer than it should have.

We did not make any provisions for him to earn income during the flip, so he had to work a few other jobs to keep food on his table, so the project took FAR longer than it should have.

I was recently at a food court eating my lunch and a teenager walked up, grabbed my drink and started to drink it!

I think you were being way too nice prorating their rent when u had a working furnace..... unless the furnace is some kind of a safety or health hazard....... you shouldn’t have to replace it, and I agree with Brian Larson, if they are misusing property because they don’t like the furnace, I would make them pay for repairs......or evict them.