The struggles and frustration of this project melt away when I think my grateful renters moving in yesterday, all smiles and glee!

I would really like to know who preaches that or where these folks are learning this and why they bite on it.. is it because of the once in 200 year melt down in 08 to 2010.. ?? 

And its not really the snow that causes problems its the water from the snow melting and ice from that snow melt then re-freezing that is the biggest issue. 

Hi Wesley,There are furniture repair finish restoration contractors who use hot melted color sticks and stains to blend scratches in fine furniture. 

Renos will start once the snow melts, but in the meantime, will be raising rents to market rates once current leases expire.

@Joe Villeneuve  in the great GFC  mass foreclosures were a result of tenants not paying in many markets... and under capitalized and underwater owners.. defaulted with many ruining their credit for years because they did not realize that they needed substantial reserves to handle vacant properties... then you add in the areas were vacant properties get trashed and stripped then there was no hope for the owners.If you look at most homes that you buy today.. at least 50% of them are failed landlords that walked... this is true all through the mid west.So one needs to not just think that if there is a melt down again everyone becomes renters this did not play out that way last time... many left the area  ( think PhX Vegas) Many ended up moving in with family... 

pretty much nailed it.. but to be frank foreclosures in 90% of states are at record lows and will continue that way.. as mortgages written the last 10 years are much stronger than the previous mortgages.. there will always be foreclosures but its not nearly the volume it was 7 to 10 years ago.. or even prior to 08 melt down.

Go expensive on equipment and melting products because a slip and fall law suit will cost you thousands and raise your premiums.

well sometimes we have short memeories or your young enough to just be getting starting in RE business.2 things happened in phX that tanked those values.. 1. politics kicking the illegals out.2. building stopped tenants leftMuch of this housing was and is hispanics they were fleeing back to mexico for political reasons and because new contruction stopped loss of job was huge.so you had 4 plex's go vacant or only have one or 2 tenants.And of course the dreaded turn over which always cost money along with under capitalized owners in many cases could not afford negative cash flow along with turn over expenses led to a melt down.things have rebounded... same thing happned in Vegas with the 4 plex's there.

Right now I'm securing 3 lots with my own cash for Architectural review to build right after the snow melt next year.