@Lisa FortuneNo experienceNo down paymentNo detailed scopeNo estimate of costsNo schedule for completionUnrealistic comps / arv

One easy and low cost solution to start with would be just schedule a walk through each unit.

In that case it would effect the nature of your write off and the deprecation schedule of course

I want to schedule a consultation with them to find out more and how much it costs but thought I would get some opinions here first.

That is why i am obsessing over making sure my current mortgage payments are being applied as effectively as possible.At my current rate of 4% and amortization schedule, my principal balance in 2 years would only go down by about 23k.

They ask when i will get it inspected , and I tell them when I get a qualified applicant I will schedule it .

Some terms you may find helpful:Repayment Schedule: Clearly outline the payment schedule (monthly, quarterly, etc.).Balloon Payment: If applicable, specify the amount and due date of any balloon payment.Prepayment Penalty: State if there’s a penalty for paying off the loan early.Default Terms: Clearly define what constitutes a default and the consequences, such as foreclosure procedures.Insurance Requirements: Ensure the buyer maintains property insurance.Maintenance Responsibilities: Clarify that the buyer is responsible for property maintenance and repairs.I hope this helps you out, have a great day!

Otherwise, use IRS schedule. 1. 

I have another deal schedule to close next week and another the beginning of next month; both using them as my JV partner.My advise is to make sure your numbers are right, know your time line and negotiate good terms in your contracts and you'll be fine.

Managing other contractors, scheduling with them and the tenants, making sure they are on time, doing a good quality job, takes a lot of time, and having a good team to manage that is crucial.