Well, yes, I do have a finance background and some of what he was putting out has no relationship to the other factors stated....A load of crap from another survivalist guru, IMO.

Screening your tenant with a fine tooth comb is the very best insurance you can have against preserving the condition of your property and your sanity.

This thread is a bit old, however as the first responder suggested I've seen and heard many times the best suggestion is to use Kilz on the subfloor, of course replacing the bad soaked through sections.On Tile - I've personally used baking soda/water and a scrub brush - was time consuming and hard on the back, however rubbed the baking soda with a bit of water into the grout, let it sit for 2-3 days, then came back and cleaned the baking soda up with water and a final cleaning with another cleaning solution - good as new and no smell.Guess it would depend on the severity of the problem for the solution.

That is where it takes a bunch of time to get a final rendering even if you are in the right.One word in a contract can change the position and leverage for a buyer or seller.

*Don't allow financing or a finance contingency (it can be a good indication they are selling above market value)*Don't allow for your own independent property inspection*Are not realistic with their pro forma's (i.e. they don't include vacancy or maintenance projections or use unrealistically low vacancy factors)*Require you to pay for any renovation upfront*Sell only in cheap. low end neighborhoods*Don't accurately represent the neighborhood/property classification*Don't have consistent rehab standards for all properties*Don't provide a scope of work for the property*Can't provide references of repeat investors*Don't allow financing or a finance contingency (it can be a good indication they are selling above market value)*Don't allow for your own independent property inspection*Are not realistic with their pro forma's (i.e. they don't include vacancy or maintenance projections or use unrealistically low vacancy factors)*Require you to pay for any renovation upfront*Sell only in cheap. low end neighborhoods*Don't accurately represent the neighborhood/property classification*Don't have consistent rehab standards for all properties*Don't provide a scope of work for the property*Can't provide references of repeat investors

I want a final walk through and I want the building in the agreed upon condition with the 2 bedroom unit vacated and move in ready.

@David Gotsill I wouldn't exactly call VA a fine state since there isn't anything really attractive about it; same goes for DC.

Use a fine toothed blade and cut from the back side.

I think it's ridiculous that you should go over every house with a fine toothed comb when your odds of actually purchasing it are small.

That said, over-leverage is not a good thing either - so it requires walking a fine line.