The roommate who we are talking about and I have both rented for the past 5 years, and paid rent to an external owner.

Common areas can be enclosed or open space and are in turn driven by determining the density of NRA, parking requirements along with non-discretionary common areas (like internal or external circulation) and discretionary common areas such as a gym, laundry/vending machines and swimming pool/spa.

I don't see an expense for lawn/external maintenance.

I know they wanted to look at 2 years of financials for my commercial properties and they had a big preference for an external property manager.

Many people have different need like buy and hold's or flippers. checking the condition external and internal of the house can help provide some ideas of things you notice that where bad about the home that either needs replace, clean, or left alone.

Hello BP members,I found a following deal and wondering if it make sense to have it as my first Buy&Hold.It is 2bds, 1bath apartment with the following numbers:Price $180KMortgage after 20% down with 4.5%: $811 monthly HOA: $759 monthlyCurrent Rent: $1,725 monthlyInsurance: $250 yr (optional)Vacancy: 1month in 2 yearsElect: paid by tenantCapEx and all external charges covered by HOA fees.So, Income ($1,725) - Expenses ($811+$759+$20=$1,590) = $135 monthly profit.

I am getting a custom back end made for my website with coding etc. to build it just like I want.The problem with these external sites is sometimes they just have a few things of what you want.

Had I known this i would NOT have sent the inspector there since this home does not meet my criteria for investment houses. 2.There were too many external damages to fix (not even counting interior damages) which would not be doable w/in my 1031 exch deadline...so, in addition to #1, this was a reason to terminate.The inspector, seeing it had a swimming pool which was not disclosed on MLS & which goes against my investment criteria, intelligently decide not to do an inspection but did an ocular inspection, taking pictures of evident damages which were sent to the Seller & Agent.

The Flint Michigan water crisis was created because of a change of water source (new source had lower ph and a higher chloride level both created a highly corrosive water that dissolved the pipes).External corrosion factors (these factors usually create a electrical charge difference between the pipe and the soil leading to corrosion caused by electrolysis) : Soil type: generally the more clay the higher the rate of corrosion, volcanic soils tend to be more corrosive, high water table, electrical lines.

If they have the decency to give you money do the right thing by family - Don't behave like Shylock.Their participation in profits can be limited to the equivalent you would pay as interest to an external lend - but by being paid as an equity profit then after 12 months it would be at gains tax rate of 15%.