It's a black lab about 50 pounds.

I imagine so if he bought a distressed property at  a much lower basis than other owner in the marketplace.Your friend can definitely call around and pound the payment for another tenant.

Sometimes we're all penny wise and pound foolish.

Why would you spend money on floor refinishing only to let a large dog pound its way all over it?

In my opinion they are being penny wise pound foolish.The best deals are when there is a problem you can solve.The property in my example I purchased in 2000.

Hello Stacey,I would polity tell you to pound sand if you called me and I think most that don't have a property manager would.

Now the 800 pound gorilla here is the bank (if they haven't approved the transaction).

@Justin Pounds HML are private lenders but HML are usually in the business of lending, they must lend in order to stay in business whereas private lenders are usually not in the business of lending, they are open to it but do not have to do it.

If you didn't require it in the lease the tenants can tell you to "pound sand".

Penny wise and pound foolish.Hire a contractor that will pay you or credit you for work you can do;But, you must do it correctly,do it on time as required,not do something that hangs other subs waiting for you or getting in their way,And, get a 1099 because if you don't you'll be overstating your flip income and understating your earned income.