I’ve never understood the paid mentorships.There’s a wealth of knowledge in this forum and an endless number of experienced sponsors willing to answer questions.

The property has been in excellent condition since it was built two years ago, and I’ve lived there myself without experiencing any similar issues.The lease is a standard Texas lease, and I’m seeking advice on how to approach this situation fairly.

Building a solid team and choosing the right asset class are critical to getting a strong start in any market.

I read this last night from “The Book on Rental Property Investing” by Brandon Turner: Break even on cash flow or lose money on cash flow, and you are on a path to financial ruin.I’ll repeat myself one last time: Buy rental properties that offer cash flow today.I’m interested to know whether experienced investors Agree/disagree and why? 

All Contractors are subject to the lender’s determination that the contractors are qualified and experienced, have all appropriate credentials required by the state, are financially able to perform the duties necessary to complete the renovation work in a timely manner, and agree to indemnify the borrower for all property losses or damages caused by its employees or subcontractors.Multiple Specialized Contractors:Ø Since this is a limited repair/renovation program, no General Contractor is required.

Before a tenant moves in, we send a team member to the property to inspect each room and take photos.

Mark Vorkapich of Gladstone Strategieshttps://www.gladstonestrategies.com/I do agree with the above on checking with your current CPA to see if they have a preferred provider - sometimes it is easier and with better results if your team already has a good relationship. 

However, if you know and have a relationship with the person/team that will be doing the rehab for you in your absence and trust they have your vision in mind then you are in a better place to start. 

And of course the appreciation can come a few ways if rents really rocket up.. but most rents in low value assets stay pretty stable and or there is major re gentrification like we experienced in Charleston SC . 

I do some construction myself and have an extensive team of framers/ electricians/ plumbers / HVAC ect.