Quote from @Dawn Roy: My response is not relevant to this transaction as it appears everything is going to work out with your lender. 

Please consult your trusted professional in getting accurate information as it relates to the estate.This site has 1031 intermediaries that have far more expertise than I have about 1031 but 1) you cannot 1031 a pure OO property.  

Besides putting together the best SOW using accurate/actual quotes as @Peter Mckernan and @Alan Asriants commented above, another key aspect is tracking expenses (bookkeeping) and monitoring the budget throughout the project. 

Just keep those off your P&L right from the start.If you have questions on the maintence percentages on the POH homes... lmk and I may be able to help.Hey Roger thank you for your response.

If, any bad tenant could be evicted in a few days and held responsible for the damage they caused.

If the software is not simplifying your life or making you more accurate, you shouldn't use it.

A underwriting that i recently completed on an offer we made i used $600/month maintenance/cap ex and believe it to be as accurate an allocation as i could predict (4/3/1, 3100’, class a finishes).I use $300/month in my market on an attached 2/1/0, ~700’.  

@Brittney Yang first red flag is it doesn’t sound like he’s that interested in long term holds but the primary reason for partnership is expertise in renovation and secondary reason is balance sheet and income to help get financing.Regarding reason one, I would offer to compensate him for his time in assisting you and have a very clear scope of what that responsibility is.  

Quote from @Harry Ji: Quote from @Zorya Belanger: Quote from @Harry Ji: Quote from @Amit Garg: Thanks @Zorya Belanger for your response.

Has anyone else received this type of response from Obie?