Without a T12 or RR you don’t stand a chance to know if the perceived value she’s asking for the property is worthy of moving forward.

Any perceived dishonesty could come back to affect your real estate license.Wholesaling and being a realtor are both jobs.

Once you’ve read enough T12s and understand avg expenses per door whatever market you’re in, you will better understand your proforma and how the property would operate You can simply take out the perceived capex line items, then categorize as Capex/Major Repairs (roof replacement or repair, re-plumbing, repave parking lots, ac, electrical, interior & exterior Reno) Expenses (taxes, insurance, service contracts, management, utilities- wst, turnover, legal, maintenance, G&A, payroll) Now take the income minus expenses.

I wouldn’t be surprised if your insurance refused to cover all this as well.ANY kind of perceived retaliation will make this worse.

Thing is, it really doesn't offer the protection that people perceive...your LLC won't help you if you hit someone in a cross walk...or if your tenant falls down the stairs and you have enough equity to make an injury lawyer hungry...just do some more research.

You should know that every dollar you raise the rent will have a dramatic increase on the new perceived value of the property

I guess people perceive they are on vacation once they have dropped their bags off.

And then you need to stick to your guns and maintain the integrity of your roles if they try to take advantage of the situation... or you try to (or it’s perceived that you try to) take advantage of the situation.

I'm particularly worried about how they can be perceived at sale time.

I am a fan of writing things down and now actually want to start videotaping conversations between my wife and I on our goals and perceived challenges to hold ourselves accountable and reference through replay.