That is -$300 without including cap ex reserves or maintenance.

This clause is a significant risk because if the lender discovers the transfer, they can call the loan due.Although many lenders do not routinely enforce this clause, especially if payments are current, it is a risk you and the new buyer must understand and accept.Disclosure:Full disclosure to the new buyer is crucial.

It has a tenant facing web portal where they log in to pay rent and can report maintenance issues.  

Hello all, I have a tenant who overall has been a decent tenant (paid rent on time, let us know if maintenance issues etc) however her lease is coming up next month and she admitted to being unemployed for the past few months.

Between renovations and major property maintenance (removed 4 trees that were too close to the property) I am at the end of my savings.

Let me know if need more.Location: Secaucus NJ2 bed 2 bath with balcony on high floor. 1396 sf.Paid $284k with 20% down and approximately $13k in closing, including 2 months maintenance fees $1470 total, and mortgage broker fees approx $3k.

My wife and I would be responsible for all maintenance, keeping rent level constant, and eventually getting the down payment paid back.

I’m curious why you say a percentage for cap ex/maintenance is stupid?

Company name is Ramapo Hills Property Management & Maintenance.

They are one of the higher maintenance items and seem to only last a few years before being loud, wobbly or needing replacement.