Doesn't matter how much you caulk it won't stop them, chemicals will wash away, my bug guy charges me 40 bucks for an outside spray...The problem is the food...The cat must not be eating the food right away or is leaving something in the bowl. 

My concern is that each unit is only 1 bed/1 bath and the property has no laundry.  

Students must live in campus approved housing for freshman and sophomore years, and junior and senior students with scholarships are also required to do so, however juniors and seniors without scholarships tell me they are anxious to live "off campus"Since apartment is one block from university, students can walk to campus, saving them parking permit fees.Additional income could be had by putting in coin laundry, soda/snack machines, and renting out storage units in basement as well as garage space.I have a friend that currently is the maintenance man for the entire university, and he is questioning students as to how much rent they are paying to live off campus currently.OPTIONS:  Rent furnished apartments to 4 students per two bedroom and two in basement unitRent furnished apartments to 4 students per two bedroom and create common area in basement for study/recreationRent all units unfurnishedOption to raise rents by including all furnishings, cable, wifi, cleaning service etc. with them simply paying rent and electric.FINANCINGtax value (not market value) 105,000Taxes $2,200 with no exemptionsProperty currently has a 30K mortgage left of a 55k loan previously taken out to "give first child his half"Owner, due to age is most interested in payments, and leaving remainder to 2nd child for "her half" Owner has expressed the following offer :30K to pay off current mortgage, and 250K to purchase an annuity that would pay $10K/year for his and his daughters lifetime.In its present state, I question whether the property is able to be financed FHA due to condition, though it is a solid building, the maintenance has been deferred.comps on property are practically non existent.MY SITUATION:I have perfect credit, and am about to flip a seasoned home with no mortgage and expect to clear approx. 70K.I am single, steady long term employment, and have no debt.I have a realtors license in inactive status, and have hands on experience with major property improvements.I am a "Dave Ramsey" girl, and debt makes me quiver...  :-)Note: Property is currently in a Life Estate Rev.

The story behind this guy was he had an extra property that he had to kick his son out of because of drugs and such.I asked him if he would sell it for what he owed on it and he said yes.

Thanks and please tr to be really honest I know my situation isn't good but want to get this out if my head. thanks BP communityHi AurielMy good friend @Steve Vaughanis the best creative finance guy in Wash StateCall him!

Thanks Nick - I think because she actually lives there it is more stressful than if she lived somewhere else, more pressure to find good tenant without issues, noise, constant showers/laundry, etc.

I imagine rents would also be rising in that environment, so it might be a bit of a wash, but really unsure.

Hi All I have been researching laundry contract companies on BP and have only heard the horror stories.

If you don't, you are looking at getting into credit card problems.Even though we are paying a little more on the contractors, it is almost a wash compared to carrying costs if we financed through HML or private lenders.

The buildings haven't been power washed in forever.