I have allowed the kind of pits you can buy at home depot but it wasn't farther out in the yard.

The numbers look good, but in reality, they typically do not end up providing the returns you anticipated and end up being a money pit there is not enough gross income to account for realisitic cap ex and operating expenses.. unless you own 10 or more.. 

The FD personnel also note in the report that said cord was meandering under firewood and in the immediate vicinity of fire starter logs for the tenant’s backyard fire pit.

Quote from @Jaycee Greene: Quote from @Michael Smythe: So rents will be $1500 x 2 = $3000 and PIT only $1850?

The Conti and Finkel's  “Big Money Cash Close,” but at its core it’s really just a seller carryback combined with a new first mortgage.

Quote from @Stuart Udis: Agreed, there are so many times where a cheap deal people think it will be a great deal and it turns out to be a money pit..

If you are just getting started and don't have much cash or income, you'll likely need to find deals where you don't leave much (or any) money in the deal and it needs some cash flow.

As for property management, it is a very daunting job, thankless, and difficult to make money, unless you are very efficient.

It’s a zoning/legal/licensing/operations-heavy conversion that requires architects, healthcare consultants, fire marshals, and an administrator involved from day one.Before going further, I’d start with:Zoning confirmationA change-of-use meeting with the cityA fire marshal walk-throughA call with an assisted living licensing specialist in your stateThose four steps will tell you very quickly whether this is viable or a money pit.

Quote from @Nicole Claibourn: Investment Info:Single-family residence private money loan investment.