@Alex ThomsenThat is Way too much and also in North Carolina there is some weird due diligence fee that is not refundable so be careful.

@Chloe TaylorWelcome to the community and be ready for a huge amount of information at your finger tips.

Cosmetic repairs that don’t pose health or safety concerns are typically optional.Then be very transparent and communicate thoroughly to the tenant, as to provide a professional explanation for your decision forward. 

I have a high income as a healthcare professional, so the negative cash flow I can easily manage. 

@Tyler BurrisWelcome to the community and be ready for a huge amount of information at your finger tips.

Take care!  

He has bought and sold over 300 million dollars worth of real este and doesn’t care that he’s going to lose some money by almost giving me this property.

Thank in advance, all advice and tips are welcome.

@Derek LeggettWelcome to the community and be ready for a huge amount of information at your finger tips.

I let them know, yes proceed on T&M not to exceed the original number and do not do any work above that number.Week later contractor finds an issue and says "hey, we have another issue and we can take care of it for $500, As it stands I believe I am going to come in under my estimated total." - So we authorize the work.Contractor submits the quote yesterday for $8k and is threatening me about it.