Do you have money to pour into repairs or upgrades?

Break it down:-if the place wasn't ready for an inspection and you were told it was, then rather than ask them to pay for a second inspection...ask for the costs of all of the repairs.

Their under management cost me two events with VERY costly repairs and they did not stand behind their services.

We've been in communication about getting everything repaired until they found out the contractor said it would take approximately 4 to 6 weeks to fix the spots of drywall that have been removed and to repaint, etc, and now their responses to my texts are less and less.

Partner 1 brings in deals and manages the business Partner 2 brings repair and renovation skills Partner 3 lives out of the area and brings capital What is a fair way to structure/put a value on the partners finding the deals and managing the business.

Factor in vacancy rates, property management costs, potential repairs, and even things like lawn care.

I get 25k rolled into my mortgage for repairs right off the bat, which is a buffer in case of the seller countering or having to sweeten the deal.

-Increases the Value of the property, almost always by at least the invested amount, in many areas of San Diego, it can increase the value of the property by as much as 150% of the invested amount-Decreases your risk profile, having 4 units instead of 2, helps stabilize your rental revenue when vacancies and repairs have to happen.

I ended up selling that house a few years later and investing in RI due to growing up in the area and having my dad available for repairs and maintenance as I would find, purchase, and handle all of the financing/ tenant responsibilities being an agent in RI and MA.

Forget trying to walk them through a simple repair over the phone, to avoid sending a ServiceTech and saving an owner money.