Our rents/fees are competitive with the market, but it is much simpler to say that certain things are simply included versus rent is "x", but then I'm going to charge you for "y", "z", and a few other things.

Hi @Brock Y. thanks for the insight.That is a concern of mine, the move forward strategy with him. 

Is that when a city inspector comes out and says x, y and z need to be fixed before the house can be transferred?

If you're worried about the old one applying still, then put an additional clause in the new lease stating that you both consent to voiding the previous lease between X party and Y party, dated _____ and that this new one serves as the only legal agreement in place between you two. 

Instead of putting $X down, the lender will require you to leave Y% of equity in the house, with $X/Y% being based on the appraisal ordered through the lender that you will pay for.So if it appraises for $100 and the LTV limit for your scenario is 75%, that means your loan amount will be capped at $75 and you will be required to leave $25% (see what I did there?

I use two different rules for cash reserves. 6 months x monthly debt service, insurance and taxes = x4% x gross value of real estate portfolio = yx and y for me work out to roughly the same amount.

Si vous voudriez pratiquer votre français il y a des gens ici qui pourrait vous aider.If you have questions about investing in the Maritimes, feel free to drop me a PM.

If I get a response, I offer them two options: I will buy it for "x" or list it for "y".

27 Y/O male 80k income. 

CAM budgets are something to consider, that are used in larger complexes.