Many residential properties in good business locations can be modified and converted to insurance, doctor/denist offices, gift shops, rest/tea houses, used car dealerships, hair saloons, lounges/bars, not far from me is an appraisers office.

I agree that there are still alot of loans to adjust but if the lenders modified them at a greater pace that could eliminate some foreclosures.

If so then you can modify the lease with 30-60 days notice.

List services work despite multiple users, because each user can modify the criteria to their specific needs.

Have an addendum signed and dated that modifies the lease terms

For management, repairs, capex, and vacancy, I am estimating 10% of monthly rents for each of them.Next, in November, I found a similar property; acquisition cost was $60,000, and it is netting me $190 monthly cash flow and is about 15% cash-on-cash.Then, this month I found another two properties that should cashflow very similar to my first property, maybe a little better, but I'm modifying my purchase strategy a bit: I've got a HELOC that I'm going to use to pay cash for the properties, which helped me get a slightly better deal on the purchase price.

Buy a whole granite slab for 200, have it modified and installed for 300. if you want, buy new cabinet doors and instll them too.

(i) Balance Sheet;(ii) Modified cash basis Profit and Loss Variance Report; (iii) General Ledger Detail Report;(iv) Property Status Report, Unit Status Report, and Delinquency/Prepaid Report;(v) A listing of accounts payable, if applicable;(vi) A report in letter form, commenting on important operational features which are not apparent from the financial reports, forecasts of changes in operations or physical conditions and significant variances from the approved Budget;(c) Annual Report including a Profit and Loss Statement showing the results of operations for that year and a Balance Sheet of the Development as of the end of that year.

It also depends on what your doing - if stairs and hallways are not code compliant you do not have to bring those to code unless you start taking walls down etc. you typically only need to bring up to code those things that you are updating / modifying

Include a master rent roll that details rents collected and outstanding balances for every unit.A monthly review of aged accounts receivable reports will help you spot potential patterns early, allowing you to modify your leasing strategies before things get totally out of control. 3) An Uptick in Resident Complaints Residents deserve to have a consistent and efficient way to report maintenance issues.