If there are hiccups along the way, such as a long vacancy, my staff is trained to call or email the landlord with updates (weekly is the default, but some landlords don't want that).A five-month vacancy cost you $7,000 in lost income, plus utilities, landscaping, and other expenses.

I was wondering, does anyone know how often the courthouses update the probate lists?

How often do you update and optimize your listing?

The front part of the property is a house, while the daycare operates in the back.The woman currently leases the daycare space and wants to stay, but the seller is looking to offload the property because he doesn’t want to handle the updates or renovations it needs, which are significant.

If you get a property that has all new mechanicals, fully updated units, get it all done in a timely fashion, and still leave 25% in the deal you are WAY ahead of the game, due to the fact that you have front loaded risk and updated your mechanicals. 

I will be updating them as I go along but it's just a rough idea of how the property cash flows

A modern, updated kitchen is a major selling point for buyers and can significantly increase the property's value.

Know the house and the finishes, if its out date stage it to look modern or make some renderings of the updates.

@Jacky Peng I'm trying to convince my retired parents to do a garage ADU conversion out near SFO airport where they live so please keep us updated here on the forums, I look forward to hearing how this all goes for you and what other questions you have along the way!

@Joe S. update your lease!