Possibly justifying higher rents and lower vacancy.In the end, it may be worth pricing out a deep-energy retrofit to super insulate/air seal the property and drop your costs.Good luck and please let me know your thoughts / what you decide.

The total amount of damage is close to $18k, which far exceeds their security deposit.We sent an Invoice and broke down all the damages by line item and even gave them receipts for what we had and also estimates for the major items like damages to carpet (brand new and installed just prior to their tenancy) and major gouges and deep scratches in all major rooms (we have pictures of everything). 

I think its a stain on the industry in many respects.. but I get it.. my fundings pay lots of wholesalers mainly out east and deep south.. not so much here on the west coast.. most wholesalers here close and the ones' that don't get turned into the state for brokering without a license get fined and cease and desist letters..

Definitely recommend you run the numbers and a quick way to do so before you get too deep and waste alot of time is to write down this:Purchase Price Cash to Close Rent-------------------- Property Tax per monthInsurance per month HOA Mortgage Vacancy (x%) Repairs (x%) Property Mgmt (x%) Total Expenses: XThen find out your cash flow INCOME - EXPENSESCap Rate NET ANNUAL -MORTGAGE ANNUAL / PURCHASE PRICECash on Cash Return NET ANNUAL +MORTGAGE ANNUAL / PURCHASE PRICETakes like 10 to 15 mins to evaluate the numbers.

Definitely don't have that deep of pockets, lol.

Hi there, I'm a copywriter who has a profound passion and deep interest in commercial real estate.

Your question is actually quite deep and involved.

I am in the Philly deal with my brother in law but I am not sure how deep his pockets are and how many deals we can do together.

Find out if you love it first before getting too deep. 

I found that LOWES is now in the GC business, and their pockets are deep, so you can imagine that they are going to pay their subs regardless of the lender draw schedule, which is great fo me.