The value of that lot is probably $20k today or less.If you do a deal with a partner, make sure everything is spelled out in the operating agreement.

The bank's intent, while not spelled out to cover all possible schemes or methods, was to ensure the buyer kept the property for 90 days and not sell it, to remain in title as owner.

We tell them this will happen when they sign the lease and have them read & sign, a Schedule to the lease which spells out the procedure to add/remove/substitute a signatory to the lease.

Hopefully, when this cold spell clears out we will see some more traffic.

Although if it needs a lot of work, I would do 65 or 60% to help with your profit.ARV $120,000 - 65% $78,000 - Repairs $30,000 - Profit $7,500 = MAO 40,500Initial Offer could be $29,520 Did you notice the commission for the agent is not spelled out?

The addendum spells out the shared electric.Now maybe a good time to rethink your tenant screening.

Get listed on Google, Yahoo, Bing, Yellow Pages, Angie's List, etc. and be sure all the information is the same for each site.Have a website spell-out the areas you work in.A highly recommend Local Online Marketing by Claude Whitacre. 

In order to start a system for handling any issues, you need a lease that spells everything out for your tenants so that everyone is on the same page from the start.I found a relative, that I trust, who is just getting into REI so having him be my middle man has made it much easier.

Also, was an issue like this spelled out in your lease.

I guess I need to spell that out more clearly!