This house was very nice and clean (build later 1980) My tenant recently claimed there is mold on 1fl (it is like basement as there is no window, it is next to garage) When i see, the mold is not only one area but it seems widely spread on the ground floor (laundry room, wall, celiling etc) Since it is OOO investment, it is not easy to deal with mold issue.

I did and told them that if they don't have a signed lease and deposit, it isn't rented.One month seems to be normal with PM as they have a number of units turn over at the same time and don't show them until the place is vacant and cleaned. 

One had been rented by the same couple for 7 years, one needed to be cleaned and some repairs, and the other had been in the middle of a remodel when the original owner died and his 4 daughters who couldn't agree on what day of the week it was decided to sell.Based on the square footage (2024) alone, I got a great deal. 85,500 with 10% down and 10% interest.

To do a clean BRRRR in today's interest rate and highly competitive environment is very difficult.

Cash Flow: Older Property: Yes, an older home might need costly repairs down the road, such as roofing, plumbing, or electrical upgrades.

Plumbing roofing electrical hvac water heater everything is new so Im not expecting nothing major for at least 5 years.

Each unit has its own electric panel, gas meter, furnace, water meter.

I require a $1,000 security deposit, no exceptions and I let them know they will be paying all utilities, mowing the lawn, keeping up the landscaping and cleaning the gutter. 

That way I’ve got the bargaining power of cash with a quick close and a super clean offer, and the benefit of financing later to get the best return on equity/ COC.

Originally posted by @Jay Hinrichs:@Ben Leybovich  I bought an X as well.. doors are worked out .. awesome car.. dual electric family  Good for you!