I need to pool their money together but I have a question.Typically, do you provide a return on the investment while holding the funds, i.e. while waiting to see if a potential property pans out?

Congrats on making the decision to jump out of the frying pan and into the fire...The real estate investing fire, that is...

If I "forget" this expense when I buy the properties, then I am committing myself to a lifetime of tenants and toilets in overpriced properties.It takes longer to find/make deals that fit our model.

For $5k/unit, we were able to put all new tile flooring in each unit, do complete kitchen and bath remodels including adding dishwasher, garbage disposal, new sinks and toilets, back splashes, tiled showers, and more.

Thanks guys, yes the tenant is getting situated and the fire department will call me tonight . i will look for your info Ed. thanks Joe, I preferred the broken toilets.

I while ago I read a post on BP about someone putting slanted drip pans under the sink so that if there is a leak water flows on the floor it is reported by a renter rather than pool and cause water damage especially in a second floor unit.

I don't want to see the house, I don't want to see the tenant and I sure as heck don't want to get a 2 AM "my toilet is clogged" phone call.

He has about $4.7k in property taxes, and he'll borrow money from a friend to pay the oldest tax to keep the property, but would just rather sell by the end of the month.comps are 60k range Avg rent for area is $800 on rent-o-metertaxes at 4.7k (included in price)not sure what to estimate for repairs, but it could use paint, carpet cleaning, new toilet, and new lighting in partial finished basement.Asking $38,000 oboWhat do you think?

My goal is to drive down expense (counting car costs), saving $200/month.WATER - I will be installing six 1.5gpm showerheads, twelve 0.5gpm faucet aerators and ibvestigating whether the 1987 toilets use 1.6 or about 3.5gpm each.

The one here has tubs, surronuds, tons of sinks and toilets.