I also was wondering if there are benefits to an LLC as opposed to purchasing under my own name?

If the property did have a tenant, I would not be opposed, but I would make it my business to review the contract, view the background check, obtain estoppel information, and make sure I would be collecting appropriate deposit and rent.

If any of your properties ever need a good exterior washing let me know, I’m local to the Richmond area and own a power washing company!

Some examples would be outdated interior finishes that just need a repainting, old carpet that can be replaced with vinyl flooring, mold- depending on the area, while it can be an indicator of a major roofing problem, can usually be solved fairly easily-, urine smell, exterior painting, overgrown lawns, etc...4.

The other option, though perhaps not as visually appealing, would be to run PVC condensate line through the exterior wall and down to the ground to drip onto soil/sidewalk/whatever happens to be there.

You might also want to check if it is a historic building as there could be restrictions on exterior renos.

I personally wouldn't push it, since the broken exterior pane should comprise the water tight-ness of the window and the energy inefficiency affect will be the tenants to enjoy . . . safe and sound from that pesky virus!

Purchase price: $330,000 Cash invested: $69,300 Sale price: $507,000 This home features brand new flooring, brand new kitchen and stainless steel appliances, new carpet throughout the bedrooms, new fully finished bathroom, new exterior and interior paint.

Are you okay with the lazy landlord that won't invest in landscaping, allows his tenants to accumulate junk out front, never paints the exterior, and generally drags down the value of your investment.

I understand the need to motivate borrowers to pay off your loan, but trying to find ways to help them goes a lot further to building a long-term relationship (as opposed to them becoming a one-time borrower).Of course, all of this depends on how your capital is set up, and the overall market there.