Is there any chance the septic system could be repaired/re-conditioned at this point? 

I have a few great resources in atlanta that I am happy to share via PM.I buy some of my lighting packages this way and typically save 50%....same with plumbing...appliances I usually do reconditioned or changeouts posted on craigslist.  

One house has actually not been terrible to turn over, but the other one has needed a couple thousand dollars in "re-conditioning" after each tenant.

I still purchase used and reconditioned appliances from them as their machines are high quality and great prices but I won't use them to manage again.

Not sure best way to figure that)Initial Cash Investment: $42,500 with upfront reconditioning costsUsing the above numbers my investment would give me all the equity ($209,000) plus the 30 years of positive cash flow ($81,000) for a total worth of $290,000.I realize I am not factoring the tax benefits, but I am not sure of a good way to do this.Stock Market Investment:Initial Cash Investment: $42,500Rate of Return: 10%Value After 30 Years: $741,600As I said, I feel as if I am missing something.

(about 11% ROI annually)Reconditioned the home for new tenant costing about $7k (new paint, floors, few upgrades, etc.)Rented it for 1 year to a new tenant at $745/mo.Reconditioned the home in between tenants for about $2.5kRented it for 2 years to a new tenant at $750/mo.Reconditioned between tenants for about $17k (these tenants were pretty hard on the home and it needed a new roof.)Rented the home for 5 years at $795/mo.Reconditioned the home for about $8.5kRented the home for 1 year at $800/mo.

It needs a bath and kitchen upgrade, some floor repair/replace, reconditioned HVAC, legalized balustrades, paint and a general clean up.

Our tenants leases gives until the 5th then rent is late and 100.00 fee applies plus 10 dollars each day and a 175.00 eviction fee.So on the 5th if they don't pay we are giving them "notice to vacate" tacked on the door if they don't answer.Then filing dispossessory on Monday.They have 7 days to answer and court date is set.I want them out by 3rd week at latest so I can recondition and get rented for September.The judge surely won't grant them more time if they are not paying right??

my perspective on some investment property terminology:A Turnkey property is typically like a reconditioned car.  

Hello Everyone,I buy, recondition grandma homes, and sell them on a two year land contract in the Milwaukee, WI area.