You have a pre-existing developed relationship with someone, that person might be willing to go the extra mile if you use that benefit sparingly.

.)- Self sufficient flipping business (team of employees)- Retail Real Estate brokerage for retail deals and property management (most likely acquire pre-existing prop management business)- Expand student housing portfolio- Build out-of-state portfolio for passive income- Possible: Create hard money lending company using OPMWhew!  

Utilities are not separated and would be paid by me (and are included in the costs).For garbage, there is a pre-existing deal with the college house across the street.  

James,You will also want to separate out "standard of living" items from "unhabitable" items.The landlord isn't responsible for thefts, vandalism, or the neighborhood going down the drain...He *is* responsible for major pest infestations, heat in winter, a plumbing system in good repair, getting rid of pre-existing mold, etc...

The LAW for establishing a pre-existing relationship with an investor is "having an intimate awareness of one's financial ability to invest."

clarification: when the property was purchased, tenant had preexisting lease which is scheduled to expire in a year to pay rent to the previous owner.

In Tax Free Wealth by Tom Wheelright, he talks about doing cost segregation for all of the pre-existing stuff like cabinets, appliances, floor coverings, parking lots, fences, landscaping, etc.

To prove this, you must be able to demonstrate that you have a substantive, pre-existing relationship with every investor before you make them an offer to invest.

Would it provide value to you as a building owner to have a preexisting relationship with a company that can put you in the right hands when you have a need?

It is pre-existing to my tenants and they appear to be clean people.