All Forum Posts by: Ryan M.

Code varies from area but here a smoke detector is required within X feet of a bedroom door so this makes 1 detector per floor. There is a city by here where this isn't true.

Some people go detector crazy which gives the tenants more batteries to take and during inspections all detectors most work so we keep it to the min. All it takes is one of the uneeded detectors not to work and its a failed inspection.

AFCI breakers are only required in new construction in bedrooms, currently. If you pull a permit on a rehab they will probaly make you have them. There pricey little guys.

Take a look at Sun Communities. In the end you have to decide as I am not offering any financial advise.

120 amp service?

I have to share this:

At a garage sale in Florida this year I found a Carleton Sheets program (CDs, Videos, Books) all in the orginal packaging with the plastic still wrapped around it. The person had a price of $6 on it, talked them to $2. Then went through the stuff and sold it on ebay for $18.

Mike - It is intresting how high the CA market is. I have family in San Bernardino area and they are active in commercial buildings, everytime I talk to them about the properties they find it makes me shutter at the prices.

The scenario above is the same as using monthly rent/purchase price

I would want to see rents atleast 180,000/yr for purchase of 900,000

With numbers so thin, vacancy, roof, furnaces, liability, getting paid for your time. All these things eat any cash flow then they eat your money.

At 1% if you are financing < 15 years with no property management and vacancy of 3%, its a looser at best it brakes even otherwise it is subsidizing someone to live there. Around here anyway

@jeanette J.

Usually the address where the tax bill goes to is the best one, unless its a PO box. Stop by where the tax bill goes to. Stop by where they say they are living. I pop in their current rental with no notice to check out the condtion. Most of the time if their coming from the same area I will know who owns the building.

Starting with the simple question again.....Why online only payment??

We used to be in the washer/dryer buisness in our mobile home parks. The thing was not a money maker, it was more offered to be a service for the people. All it took was one occurence of teenagers hanging out in there and damaging things to close them both down. That tied with the liability aspect of it was enough to get out of that buisness.