We sent a difficult tenant an update on ceiling leak repair.

No need for him to do any repairs or cleanups.

Purchase price was $75,000, made $75,000 in renovations/repairs over the years.

Here are the details of the property:- Leased until July 2025: $1400 and $1450 per unit per month- Built: 1930's- Zoned O-2Information in the Rental Report:- Vacancy rate: 5%- Purchase Price: $310,000- Repairs and maintenance: 7%- CapEx: 5%- Property tax: $3,600 per year- Insurance: $2,400 per year- Roof: Broker mentioned it doesn't need immediate attention but will likely need replacement soon (~$15,000).- Cash flow: The report shows a $177 monthly cash flow.- Condition: The house is completely renovated.

New carpet and assorted repairs. we are hoping to spend more time in Asia the next two years and i am not impressed w PM here due to high costs and low quality considerations.

To be compliant you dont have to scrape walls or do extensive repairs in most cases.

A tenant of mine is refusing contractor to come in for major repair, although I notified her a week in advance.

Never close on their ARV and grossly out of touch with reality on their repair estimates.

However, it may be a better strategy to base your decision on cash flow rather than speculative gains.Purchase Price: $480KAnnual Rent: $2,400 * 12 = $28,800Expenses (@30%): $8,640Net Operating Income (NOI): $20,160Cap Rate: 4.2%Another point to consider: if you're already facing negative cash flow, how will your returns be impacted when it comes time to turn the property or if a costly repair is needed?

Thanks :) Happy to help, 10 years or so doing about 2k reno/ repairs