I have found infestations by observing only a quarter inch mud tube (all that was visible at that house).Now my advice: Make any purchase contingent on a wood destroying insect inspection and hire a professional and accompany him/her during the inspection.

As long as you have some sort of personal or professional connection to the lender (i.e. you didn't solicit them through advertising), and it's just a straight 1st mortgage, then you don't need any credentials or regulatory filings.

This is key to assessing where your market is heading.

Dont include a washer and dryer but require a professional installation of tenants machines.3.

It works great for my building in Boston where the tenants are mostly 20 -30 year old young professionals.

My non-professional understanding of basis:Your basis is the purchase price, including acquisition costs (except any that may be deductible as expenses in the current year) plus the amount you spend on the property to put it into rent ready condition.

I'd also include professional fees..accountant and legal as well and a monthly repair and maintence exp as well.

Unless of course you will be primarily attracting the young, educated and professional crowd.

Also, before you buy, you should obtain a Phase I Environmental Site Assessment.

How can you or your professional network help me with entity structuring, retirement/estate planning, business analysis, etc.?