We are in the middle of two rare and term refis, which are progressing just fine, but put off our interest in cash out for the moment.  

We have only rarely bought with inherited tenants, and if they were inherited, the only thing that we held out of their deposit was if they had unpaid rent, or if we absolutely for sure KNEW that they had caused the damage. 

The greater outcome will come in the future as other properties are acquired in the neighborhood, but in the meantime we’re going to capture a combined $500 of cash flow every month Lessons learned?

If the numbers don’t work with that combination then change the parties or terms involved until they do.

They countered with a combination of both offers and I drew up a P&S.

Justin, Both of any of the following scenarios could have happened:1- There was a long term leak under the slab (either clean water or sewer leak, or both) that have cause the foundation to settle, and thus cause even more damage to the rest of the pipe lines.2- The settlement of the foundation due to non-leak reasons (such as bad soil mechanics) might have caused the pipes to break or crack.3- Lifting the foundation causing the pipes crack.4- Combination of all aboveI have had this property for a few weeks, so it has been out of my control.The lowest quotes I have got for fully replacing the sewer line and clean water line is about $13.5K for a 1800 SF house.My deductible is about $2500 if the insurance would cover it.

I never accept less than 8% and I rarely accept more than 10% down.

It looks like they will lend up to 80% combined LTV. 

But that's rare, and hell, we saw 13% appreciation from last July to this July. 

Agreed with Amberly - Modal has some great units and is based in Utah (modern style) while Meka has the same modern feel but is customizable (very rare in the pre-fab/panelized world).