This could result in higher quality tenants sooner and keeping them longer, all which have more than quantifiable effects. 

My seller disagreed with the first scope result and hired 4 more companies to scope it.

And if the tenant installed something that results in a plumbing bill, then the tenant is responsible for paying that plumbing bill!!!

That results in only doing one at a time right now with a max of maybe 3 a year.

Missing these dates can result in financial losses and jeopardize the entire deal.

Verifying last 2 years of rental history and income extremely important to find the “best of the worst”.Make sure you understand the Class of properties you are looking at and the corresponding results to expect.The City of Detroit has 183 Neighborhoods we’ve analyzed.PM us if you’d like to discuss this logical approach in greater detail!

This creates two loan payments ($100,000 of equity and $300,000 on the new mortgage).Key NumbersHome Equity Loan Interest Rate: 6%Mortgage Interest Rate: 7%Rental Income: $3,000 per monthExpenses (management, taxes, insurance, maintenance): $800 per monthIncome and ExpensesMonthly Rental Income: $3,000Monthly Expenses: $800Monthly Mortgage Payment: $2,000ExplanationThe investor earns $3,000 in rent each month.They pay $2,000 on the investment property mortgage and $800 on other expenses.This leaves $200 profit each month or $2,400 per year.However, you have to pay $6,000 interest on the equity borrowed.This leaves you with an annual loss of $3,600.This example shows that while the rental property generates positive monthly income, the interest cost of borrowing the initial $100,000 results in an overall annual loss.

As long as you price it correctly, people will see the house condition matches the listing photos (professionally done), they will take the property as soon as they see it.

There are quite a few posts that do cover this, but my personal method is using AirDNA (paid veersion) analysis and then double check the results using the enemy method. 

I’ve used pref equity with excellent results.