Reminder too that once you get more properties under your belt and begin having a bigger real estate investor portfolio your file begins to get more complicated and even a simply loan like DSCR sometimes may ask to prove other items.

If there is no mortgage payment at present, escrow items are not added back in the above explanation.It's more nuanced than this and there are many exceptions/caveats, but this gives a high-level explanation. 

Owners are ok, not happy lol but ok with paying for items and issues, just want to understand what's going on. 

By recognizing the potential in a low-cost property and acting quickly, we avoided complications and captured a solid profit.

I would say about $8k average, sometimes reaching towards $20k depending on length of run and the difficulty of tie-in to the City main.I would not, as a buyer, wnat to take a chance on this..even if they are working well now, it is a ticking time bomb and a large expense.So I would wrap your head around the concept of offering a credit towards this item.

Myth: You never have to worry about getting your rent when you have section 8 tenants.Reality: rent payments can get suspended if the unit fails annual inspection, even if the items that caused it to fail are the tenants fault.Reality: the tenant portion of the rent is never guaranteed.Reality: if a tenant wants to leverage you for an upgrade, like a new stove or a new refrigerator, they can cause housing payments to get suspended by filing a complaint with their caseworker.

If you were able to use the standard TREC lease agreement, there are many items that protect the property/landlord in there. 

It is best to provide them with a checklist of items you are requesting.

The current GM does a lot of the leg work, I think I have opportunity to capture the marketing and booking dollars spent by doing that work on my own. 

The first line of item #1 of the note should be:Who is that.