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Turn the inspection into three lists: required before moving, required within the first year, and optional. Get cost estimates for the first list before committing if possible. Then test the budget against an unpleasant combination: moving costs, first mortgage payment, service charge and one...

I don’t fully agree that every deal needs positive cash flow from day one. Some buyers can deliberately accept a low current return for a scarce location. The discipline is to place a limit on that sacrifice: decide in advance how much weak income you will tolerate and for how long, without...