But if he bought even one property that was a derelict gas station, an old dry-cleaner or industrial site, he bought himself a bill from the EPA for cleanup.

Lightly spray interior of open cavity with bleach and water mix and allow to dry.

After the carpet had dried, there was still a very strong cat urine odor.

Jeff Price Long term tenants are profitable. they generally take care of your property, don't require excessive maintenance, and eliminate vacancy.

I'm guessing there wasn't excessive damage?

Filling up the wall in the kitchen then after a hole was punched through filling the bottom floor 6-10 inches (water stains on the wall and visible mold on the baseboards, cabnits) The carpet is now dry so I have no idea how long the water was sitting.

Kiln dried, treated or something else?

Do you realize to replace all the cast Iron pipes in a slab home cost in excess of $20k.

If any costs, including vacancy are excessive, then your total costs will exceed 50% - this does happen to landlords in real life, so it's not unheard of.As I posted earlier, direct your 50% rule and 2% rule questions to those other sticky threads - you'll get more people chiming in.And both sets of revised calculations (one with 50% expenses, the other 40%) seem to be correct (I didn't plug in numbers into a calculator, just looked at how you got the results).

Many of the private investors, equity groups, hedge funds and private money funds do have due diligence fees, since their lending practices for the most part are unregulated.I have in excess of 700 direct lenders I deal with... many have no fees, while others have fees in the $1000-$1500 range.