They hire a professional management company that the bank also vets.With turn-key rentals, it is more likely you will get a call for a broken toilet or other issue if the tenant can’t reach the property manager.

Unless they are rotten, broken, or otherwise failing, it's probably doesn't make good financial sense to replace them.

They also asked if they could have some stuff that was left by the curb - old TV & broken exercise machine - and I told them to take anything they wanted.

Do you have any idea of the pain the owner feels when they see broken tiles because the tenant's kid had an oopsie dropping a heavy cast-iron pan?

Still, we forged ahead and got the P&S on December 23rd.Initial BRRRR Estimates:Property acquisition: $151,000Rehab: $30,000 total:$2,000 for kitchen (stove hood, refrigerator, stove, dishwasher etc)$2,000 for window repairs (about 4 broken windows)$4,000 for painting$3,000 for oil tank$2,000 for water heater$2,000 for second bathroom spruce-up$5,000 misc$10,000 for roofEstimated ARV: $230,000The initial numbers looked good.

Bill, if you felt you were in danger, you would have broken your lease & moved without paying.

I really don't want to drop out of college, I'm doing welding but I'm having a lot of trouble doing open butt roots on 6010, I've broken out on all but one test so my grade is horrible.

If everything else would be similar situation, Listing price values building pretty much nothing, Would you rather invested in the property with this broken house needs full gut or maybe tear down vs the vacant land.

I have underwritten and evaluated a variety of broken deals in the past.

They said the steps aren't great, they didn't say the steps are broken.