Cleaning supplies, coffee, TP, Kleenex, soap and shampoo if your going to supply.

Soap scum, dirty appliances, crumbs in the cabinets, window sill crud, ceiling fan dust, hair under the baseboards etc etc. $275 sounds like a reasonable fee to charge for my area and I'm nowhere near the high rent district of LA.

So, getting down from my soap box, you always want to refinance instead of sell unless you plan to 1031.

I totally agree with and support expanding and learning, I just wouldn't allocate that in my retirement accounts.My soap box aside, I personally invest in loan/note funds and in my SDIRA.

I suspect he's paying himself hundreds to mop with TSP, TSP substitute, or oil soap.

I understand, I think they allow prisoners to have computer time in the library of the big hose, stay in touch and good luck, just remember not to drop the soap!

That is why, for tactical reasons, many investors with large overbids lay low, make no waves at all that would alert somebody to hurry up and redeem, and simply wait for that three year anniversary to pass. 

It requires you do have a hairdryer, iron, and supply shampoo, conditioner soap.

If you can source the capital to return all units to rent-ready and the owner is willing to carry 100% financing interest only on a 5+-year balloon ... you might get these turned around and performing by the anniversary and be able to finance more conventionally.Pending the total number of "potential" units, 198K might be reasonable {if the adjacent buildings are also of similar size (5-8 units) }, but looking at the numbers and condition (based on pictures) on the 7-unit alone, I'd be aiming a fair bit lower than that.

It’s also their 17th anniversary so they are blowing out this event and will likely attract a big crowd.If you go, you can meet one of my favorite property managers, Barbara Habbeshaw of AZ Residential Management.