Summary ejectment procedures must now be handled in district court rather than magistrate court necessitating hiring an attorney to evict a lease option tenant for breach.

I am not a wholesaler nor do I invest in your market but If I did I would Look to the segment of the market that has at least some equity and search for distressed situation caused by divorce, death or some other factor that necessitates a sale.

When he retires, he can make payments from 401K distributions, and can pay it off right away if he wants, though I might spread it out over a few years to minimize the tax impact from the distributions (keep him in the lowest possible tax bracket).I see no reason to borrow from the 401K (which is typically limited to $50K and would necessitate monthly payments around $900 to pay it off in the max-allowed 5 years).

I think most people go a bit darker on the walls to hide dirt better which necessitates light colored trim.Just don't go white on white... too closely resembles what the French flag should be :)

Plus you have this rental in NO, which would necessitate a tax return.Hard money is going to be expensive.

If the damage necessitates replacing all the carpet in that room, then they get charged for that room.

The motivation that necessitates or forces a sale will be greater than the issue of selling for less than they paid.

A solid building should make returns without necessitating a dp.

I do think that you may be able to receive an overall higher return in another market, I feel there is substantial value in knowing the area, being able to swing by the property if needed (managing the property managers is more work than one might think and necessitate an occasional visit on your own even with a manager), and investing with little turnover/vacancy. $160k for 6 units at $500 a unit would be an excellent property but only if there is little turnover and it is in a decent area.

It was already under contract and we would have had to do additional disclosures that would necessitate us amending or re-writing the contract.