Keep in mind we do not have known cost amounts for these repair items, and can just make estimates, and hope no other costly issues are uncovered after attacking some of the repairs.My question is, with our next interaction with the selling agent, should we:A) Ask for the major repairs be metB) Ask for a decrease in agreed upon price (without great idea of what the repairs will cost)C) A combination of both; settle with some repairs met, and a decrease in priceOur entire list is below: (keep in mind that I am not sure if all of these things need direct attention to get the unit rent-able, or if some items can be overlooked for now and deal with later as they become more of a problem)Repair List:Items that need attention before renting unit:Big Ticket Items:Install furnaceInstall all new appliancesInstall water heaterExterior electric power supply is damaged, needs repairInstall guttersNo termite treatmentNo gas meter, install newAttic decking has moisture damage, needs repairSmaller Repair Items:Install electric panel faceplate and secure exposed wiresTwo prong outlets (could not test), swap out, install GFCI where neededTrim tree limbs in contact with power linesMissing light cover under front entranceRepair kitchen windowsRepair kitchen sink leakRepair utility room leakInsulate atticSeal gaps in living room doorLoose bathroom faucetAdjust shower water pressurePatchwork performed in multiple rooms, walls are plaster on wood lathe- which I have been told can have asbestos issues once opened upDeferred Cost Items:Large tree removalTorn and missing roof shinglesSeal plumbing boots on roofRaised soffit under car portSecure electrical lines in attic, they run over attic stringers, not through them (necessary?)

I feel like this is fair bc it is when their lease ends, and I'm not responsible for giving them any extra time while they were trying to sort things out with their roommates to sign a new lease with me.Honestly, at this point, I'd rather have them out of my property as they've been difficult to deal with during this process and other items have popped up in the past (e.g. they've clogged our kitchen sink by pouring excessive oil down the drain, broke the garage door within a year of their first lease, etc.)My questions are:-What happens if only 2 of the tenants vacate when the lease ends and stay for an extra week?

That's excessive.

That being said, if you are transferring into an existing LLC, $1500 sounds excessive.

This is taxed at 25%.Any gain in excess of depreciation recapture will be taxed at favorable long-term capital gains rates (likely 15%).

The FDIC and many state regulatory agencies will require the lender to substantiate a global portfolio freeze based on value.In the past, I've frozen my entire portfolio but I was able to document that, on a global basis, values had decreased in excess of 50% from origination value.

My goal is to do a full 20, get out at 42 years old, and be done working with enough money to cover expenses + have ~$10K/month excess.

Due from Seller at Closing$3,536.49 01 Excess Deposit02 Closing Costs Paid at Closing (J) $3,536.49 03Existing Loan(s) Assumed or Taken Subject to 04Payoff of First Mortgage Loan to 05Payoff of 2nd Mortgage Loan to 06 07 08 Seller Credit 09 10 11 12 13 Adjustments for Items Unpaid by Seller 14 City/Town Taxes 15 County Taxes 16 Assessments 17 18 19 CALCULATIONTotal Due to Seller at Closing (M)$46,304.86 Total Due from Seller at Closing (N)-$3,536.49 Cash From x To Seller $42,768.37

Many states have laws that allow immediate evections if the tenant is causing excessive damage.I think an hour of time with a real estate attorney would be money well spent.

Partnership operating agreements are very flexible.You could do a waterfall schedule for both allocation of income and capital distributions.e.g.1) You're allocated a cumulative fixed annual return on your unrecovered capital contribution (6%, 8%, 10%, you name it)2) Profit in excess of the fixed annual percentage return is split 50/50.Capital distributions could be something like: first distributions are to recover your capital contribution(s), then preferred return accrued to you, and finally the 50/50 profits.Food for thought.