After reading the other responses here it does seem that the problem needs to be dealt with or else it will keep recurring with each new tenant...Aly maybe you could post the outcome and how the tenant reacted, it may be helpful to some of us...

Even on the shows where they have big winners, when you break it down to an hourly return, I don't think the dollars are huge.You're not building your net worth, you're not generating recurring cash flow...sounds like a colossal waste of time for the average person who aspires to make more than $25,000 a year.A lark, a hobby, a fun way to spend an afternoon...maybe.

My wife and I began renting a one-family house in New Jersey in February 1986 and have paid rent every month without fail and have maintained our tenancy as model tenants without incident.We had a one-year lease for the first year only after which time we never renewed and as such have been month-to-month tenants for over 24 years.Now our landlord wishes to sell the house and evict us, and it's causing stress and anxiety every day.I am here for information to learn if our landlord:1) must by law sell it to someone who will continue to rent to us; or2) will be able to force us out; or3) if this is a case that could go either way.New Jersey law states that one cause for an eviction action is when "the owner of a house or building with three or fewer apartments wants to move in or is selling the house or building to a buyer who wants to move in."

Any monies posted by you and him if you split the work costs in the property are what we call refundable contributions to the trust since they are non-recurring.

If you get a recurring buyer that you trust then maybe you can slide on it, but it'll only take you getting burned by your buyer on the day of closing one time and then you will ALWAYS require non-refundable earnest money.Originally posted by Tom Jones:I forgot, one last question.What happens if the end buyer, seller, or I, or all 3 are unable to make it to the closing table for any reason at all.

Is this particular expense a recurring theme in your rehab purchases?

My anxiety has been mainly that it's going to be broken into while it's vacant, since it's a couple blocks from some pretty marginal neighborhoods.

Hopefully he won't do that;- There's no reason to believe that the $1.7T will be recurring, as much of that was a one-time bailout to spur the economy.

After you do one or two, the anxiety will lessen and you will be able find the good deals with confidence because you aren't beating down doors to find a deal.

Those who advocate the "50% rule" recognize that there are a number of expenses that are recurring and non-recurring; the non-recurring ones can be difficult to ascertain at first - new landlords don't realize them until they get hit (or maybe "bit" is more appropriate) by them.It could be that in this instance, "cash flow" means that PITI is covered and there is some money left after that.