I think it has more to do with utilizing all available markets nearby with such a limited amount of work in that industry.

Hi all,We moved into a house that had a large utility shed.

Casting a large net by utilizing wholesalers, MLS, direct relationships with agents to get deals BEFORE they hit the MLS, driving for dollars/door knocking, direct mail, etc. are all great avenues if done correctly.Knowing how to calculate the ARV and rehab costs is also essential to identifying a good deal and that goes with any area.

A secondary issue is related to the unknown heirs - no guardian ad litem was appointed (though I'm not sure how commonly that's required in Maryland as opposed to Florida for example), and no professional  heir search service was utilized. 

One piece of advice I would have would be to consider utilizing HELOCs against the property's value.

They were looking for proof that I am authorized to list the property for rent and I had to give a copy of the warranty deed or utility statement I think.

If you ever look at your tax returns on those schedules they have an even smaller list of categories.When you have someone handling your books, you will be utilizing a bit more GL codes so you can have a better read on your financials on a month-to-month basis to see if you can make any changes.

We utilized the VA loan, so we paid all of the fees associated with that and then paid roughly $3500 for closing.

Presumably you inherit most situations figured out… utilities, who mows the lawn, etc.  

I believe if I get the upstairs unit (3 bed, 2 bath) ready, I should get around $2700 per month for it plus they would cover utilities.