I thought about presenting a JV opportunity to some of the agents as a solution to this problem.

Hey @Lance Johnson, i know it has been a while since you posted this, but i am very interested to know if you have found a solution for this?

Specifically, you'll want to collect and analyze a LOT of comp sales data (including data pertaining to days on market, price reductions, the buyer pool, etc.) so that you have a very good understanding of the buyer pool, and how difficult it could be to sell this type of property...I'd suggest talking with multiple agents who have experience with this type of property, and asking them what type of DOM, ARV, and sale experience they would predict for the property.Before you take on $25k+ of credit card debt for a rehab, you'll want to consider all the potential problems you might face with your strategy, and potential solutions to those problems.

Since your in-laws own the condo, it seems like the easiest solution would be for what you first suggested in receiving compensation via form 1099.

I am trying to find a solution for them as much as I am trying to make it work for us.

But a dehumidifier with a pump, there are remote moisture sensors and use a wifi plug and you can monitor yourself.have the pm check everything periodically if they aren't too lazy like this one sounds like they are..

That sure sounds like a great solution for saving 20 basis points for a borrower.Do you read or just skim?

If that's not possible, then we pay the utility and bill it back to the tenant or we increase their rent and include utility costs in that charge.At a bare minimum, you need to find a way to monitor utility use and put a stop to this before the bills get so big.

If you are able to find an investment whose previous owners were renting below market rents, it's an easy solution to raise rents to market.How Can I Affect Cap Rate?

If you aren't part of the solution...