If you are taking extensive time managing, spending money on gas, repairs and maintenance you are under water.

If there are excess funds after paying the local/school real estate tax bill, the remainder can go to:Current real estate taxesCurrent Muncipal liens for water/sewer or any other bill initiated by the municipalityState Liens, usually for outstanding state taxes, sometimes employee/employer taxesPA State Inheritance Tax which applies to all deceased owners and starts at dollar one with no exemptions, unlike the Federal Estate Tax. 

Evictions cost about $1100 and then about a month of no rent and about 5 grand in rehab seems to be pretty standard from my experience. 

You can see if you can apply and qualify for a loan through the bank but most banks will follow federal standards and guidelines which allow them to sell the home to Fannie or Freddie if they so desire.

The Houston Housing Authority (HCHA) just released their 2024 payment standards, and they're considerably lower than last year.

One of the things that make "Agency" guidelines good is that they are standardized across all states so you will not find many differences in Conventional, FHA, VA, or USDA loans. 

Most PMC's will charge a lot more than the industry standard 8-10% of collected rents to manage a Boarding House - which is what you have. 

Most recently, I worked with a client out here in Colorado that let their parade of homes house (from 25 years ago) in a gated community literally fall to pieces; mold between window panes, water infiltrating the kitchen due to lack of roof repair, patio pavers crumbling apart, downspout misplacements that caused water infiltration into the living room....just a mess. 

It's a standard cost of doing business for them.

hello, I’m living in Augusta, Georgia, and there are many sharks in the water when I go to buy something I have to be very very very very calculated and very ready looking forward and how the money is gonna come in and how to market appropriately. if anybody has any advice on how to work along sharks and red oceans, please let me know.