I would attempt to collect the cost of the carpet and either wait till he moves out to replace it or put in a carpet substitute, tile, vinyl or laminate or install wile he is there.

Plus we get monthly cashflow while we get to help people get into homes that normally wouldn't qualify for a loan with the bank.We were able to get a many who lays tile for us in our properties and his family into a house where he is going to be able to own his own home that he otherwise wouldn't be able to do.  

Also, make sure you lay out the specifics of the partnership so the roles and responsibilities are clear and please use a formal agreement. 3.

Feel free to ask questions for more details but I'll try to briefly lay it out.My 3 year goal it to have $5000/ mo positive flow so my husband no longer has to work his 'day job'.

Consider all the cases and lay them out.

Say my tenant broke something that I could easily fix myself like patch a large hole in the drywall or replace a few broken tiles.

So, I'm going to lay the money out and hope there isn't an issue with my insurance company.I can't believe the association is not helping me out here.

There are foundation problem, a lot kf broken tile, ex and interor paint, instead of 2, there are only 1,5 garage. 12 light, but they all old.

I have two options in front of me either to obtain a rehab loan, which will cost me $10k for six months ( points, fees, interest) or just finance the entire deal with my own money (cash).The rehab loan will enable me to obtain an additional property, so in six months i'll have two properties ( one with the loan, another with my cash)  but it'll cost me an extra $10k (on top of the regular down-payment which in any case i'll have to lay out) .

Basically I’d alert them that technically the fault lays with them.