Unless they're collecting a fee from the tenant/buyer on top of that, but, damn that's a lot of money for a T/B to come up with.I do these occasionally with FSBOs who are having trouble selling but can't give me a low enough price.

I do think that you may be able to receive an overall higher return in another market, I feel there is substantial value in knowing the area, being able to swing by the property if needed (managing the property managers is more work than one might think and necessitate an occasional visit on your own even with a manager), and investing with little turnover/vacancy. $160k for 6 units at $500 a unit would be an excellent property but only if there is little turnover and it is in a decent area.

I’ve been following this blog and occasionally posting and decided it was time to introduce myself.

I occasionally resell a house I buy to keep a little cash on hand. 

Also, in your experience, what has been a realistic fee to pay an attorney for reviewing and occasionally revising a Contract for Deed (or alternative instrument) prior to a sale?

Be thrilled you don’t have to pitch on on the occasional property that carries a loss!  

Not saying that will get you out of trouble but it will help as you're building your case if there is black mold. virtually every rehab homes has black mold in it.. .. we just spray it with Clorox and call it a day.. but I get it .. there are different kinds and I guess the wrong kind can make you sick.. boy you should see some of the homes we go into  IE hoarder homes they look like full blown petre dish's mold of every variety and they seem to be OK..

Not that things always work out the way they should, but just saying that I am optimistic that this in conjunction with the mayor's seemingly persistent efforts at drawing attention to the matter brings about better conditions for improvement than ever before.All of that said, assuming you are comfortable with the potential implications of occasional pollution issues (as I am), Imperial Beach has tremendous room for growth.  

We’d like to have someone fix drywall, rehang shelf and replace tile the falling dishes chipped.

No doubt its all fake....I will occasionally watch just to get some creative design ideas and latest trends in remodels etcRenovation Realities...... the one where homeowners do tjheir own remodels in the best one !!