I have a nice garden that's not too much to maintain, lots of rose bushes the tenants can cut and bring inside, flowering vines on the fence (and take care of any repairs/issues around the building - real "pride of ownership").

Account ClosedOr another way of looking at it... if there is a cap rate of 10% and the expenses just rose $11,000 per year in increased flood insurance premium, then the value of that property just declined $110,000.I would be EXTREMELY cautious about buying any flood area property as the costs are slated to rise in successive years per the law, and I would be looking to get out of any flood property now before rates increase every year down the line.There is the possibility of getting a personal flood certification that shows your property not in the flood zone, but that costs money and must be accepted also.Another alternative is to raise the property.

What color(s) do you use for the common areas and bedrooms?

You'll get a much better response with your letters if you use a gift card size envelope in pastel colors

I've painted paneling the same color as the other walls, without spackling, which tends to come loose.Also have removed paneling and if walls ok or needed a little patching, then paint.Or if walls are real bad then you can add 1/4 inch drywall, its about the same thickness as the old removed paneling and makes the walls look brand new and has the backing of the old plaster underneath.

I have a deal under contract that he is going to finance 100% for the acquisition ($96,000) and I'm actually going to manage the flip--hire the contractors, decide what needs to be done with everything, paint colors, flooring, etc.

Vinyl is not generally paintable into another color.

Flashy, loud colored shirts and gold chains are for car salesmen.

She asked to repaint the interior to match her Tuscany furniture...I said no problem, we both go to Benjamin Moore and pick out & agree on a color, I go hire a contractor and get a quote.

I got caught up in all the little details - handwritten font, yellow legal pad style paper, red colored font, handwritten font on the envelope, etc.