We are getting ready for a comprehensive lease document update and it's an area I think we might be able to improve in our current documents.Thanks!

Make sure you update your insurance policy.

Thanks for the call out Andrew - the MAREI Meeting is TONIGHT and Kyle Niemann will have a 10 minute Market Update at 7:00. 

Even better if it needs some updating, and better yet if that's enough to get yourself a small multi in your market. 

Financing- build a relationship with a regional banker, don’t shop for interest rates, start small and build history and loyalty they are your team, Cross collateralize, deposit CD/MM or custodial account with bank for loan, give them monthly updates, nail your deal analysis, do stress tests on your deal analysis-cost/interest rate/deal length/ sale price etc. 12.

This is also part software sort of speak, it gets updated with new features...there is work to it, idk if that labor required is intrinsic too maybe.

Any updates ?

If the house has the right updates for electrical it is a very in demand area for Section 8 tenants as well.

@Ramada EvansBefore putting in any offers, I would make sure you know what the going rate is for a 12-month lease in your neighborhood, for a similar property (in its current condition and if you updated it).

And please keep updates here of the train wreck of it all.