I've just bought my first fixer upper and feel like I've bitten off more than I can chew.

Let me chew on that a little bit. :) I know where to find ya if I get stumped. 

Thank you for taking your time and chewing it out for me!

These tenants will chew up regular PM companies who are used to running in nicer areas.I see sometimes properties in nice areas selling for an 8 cap but rough areas they bump to 10 or 11.

That would chew up every bit of 10k in most markets.I personally like lease options, I too try to think of the worst case scenarios and add in the lease option contract wordage to protect myself.

My mom is chewing my ear off as she's preparing to market her condo on the east end of Long Island, no matter how much I tell her I know absolutely nothing about doing it.

“Some books are to be tasted, others to be swallowed, and some few to be chewed and digested.”

The only other negative I have heard is that rats can smell the water through the pipes and will chew threw it just like electrical wiring.

In this case, your tenants need to know that holes in the wall, chewed carpeting or broken moulding is not normal and things like that could result in their losing their security deposit. 

Originally posted by Bill Gulley:If only we could figure out how to do it as a webinar or whatever it's called where people could speak up as on a conference call, Man I got chewed just typing..could only imagine if I were to actually speak.. might loose my head.