I’m probably closer to 23k but I rounded up for simplicity.

Have them determine the useful life of the big ticket items like roof, furnace, ac, electrical and plumbing and use that to determine what you need in reserves and consequently what you can afford to offer on the house.You'll also want to look at the cash flow in case of additional vacancies keeping in mind what the vacancy rate is in your area.

You need to structure the deal as follows:700k purchase 100k construction (deferred maintenace)800k total acquisition20% down consisting of two parts... 80k refinancable equity from your condo and a 80k seller note 2nd mortgage (your dad) Wrap up those big ticket deferred maintenance items right away.

Personally I’d go ahead and file, but that’s just because I don’t like to let people get away with stuff and it’s not that much time/effort. 

my agent usually does a 200$ home depot or lowes gift card based on whats closer as well as special gift. example- custom welcome mat or a front door placard with clients last name on it. if its a repeat client or customer or partner it would have to be more personal such as idk maybe local sports team tickets or shows doesn't need to be crazy but they wont forget you ever. 

We were young and wanted to stop paying rent, this foreclosure was our ticket out of the rat race.

We were young and wanted to stop paying rent, this foreclosure was our ticket out of the rat race.

This is important because I believe we are getting ready to enter a round of foreclosures and we want to be in a position to pick up prettier properties than we purchased last go round.We are also working on converting our PM business into a franchised brand with Property Management Inc, that has a support structure not only for residential rentals, but also for short term, commercial, and association managment.  

Oh, and then I had a parking ticket on my truck because I was in court too long. 

All industry or business is a risk and a risk i am willing to take so i dont see how i will be eaten alive unless the other way round.