I agree with all of you I will just go ahead and pay what I would have paid the other landscaper. no more no less.I will also at this point forward separate any types of further arrangements.something just seems very insincere about waiting 5 months to ask me for back pay.If I had worked out an arrangement I would have done some quality control, inspections we would have talked about expectations and I would have held him accountable but it was my error and now I will have to pay. but I will no longer use him.

I look for deals on a LO Assignment that are no more than 10% underwater.If it is worth $50K, that is $55K.Your example is over 100% underwater, more than $50K more than the comps.How is that ever a good deal for an end buyer or yourself?

I was told you are not allow to double close on hud homes no more because of restrictions.

Then that difference has to come from the 40% - 30% of income, so $100 in this case has to be no more than 10% of income.

While either can be easy or difficult to manage, differnt kinds of problems, it's the personality of the tenant, IMO.IMO you should spend no more than a couple hours a month on actual management per unit, a phone call, collection and bookkeeping and coordinating maintenance.

The C Corp is really no more adminstratively intense than a good LLC properly managed, both are very similar.

Agreed, might suggest you look at doing business in the 50,60,70 range as there are motivated sellers and you might consider options and flipping them, that is no more brain damage than an 8K property and probably less......IMO

Hi Kristin,It really depends on what the after repair value of the house is if you intend to wholesale the deal.A typical formula (some adjustments are made for market strength or location) is that a cash buyer is going to want to spend no more than 70% of ARV minus the fix up costs.

I sense that the older, smaller parks may be grandfathered in, but communities want no more of these.

Just FYI: if I were the wholesale buyer, this exit value would have me at no more than 65% all-in so I would be offering less.