If you live in the unit get a short, no more than 20 foot hand snake with a drill hookup, they are about 10 bucks and handy for short runs to clogs.

If he's a partner, you're stuck with him and you now have a business that's running sub-optimally -- and you have NO recourse to make it run better.I see no more reason to make your contractor a partner than I see making your real estate agent, your closing attorney, your mortgage broker or the guy who picks up your trash a partner -- you can hire out these tasks just as (more?)

No more posts from a cell phone for me.

So do you think I should stop trying to rack my brain on figuring out the market value of properties in that area (since it doesn't appear to be very straight forward)...The process for finding the market value of a property in ANY area will be exactly the same -- it's no more or less straight forward in that area than any other.If you're looking for a way to *easily* determine market value by using price/sf or some other basic metric, it won't work.

He needs to be sure to check them out and know who he's dealing with.If he does his due dilligence. his risk in no more ( and probalbly less) than investing in the Stock Market.

You should actually have no more than 9.93% of your leases, at maximum, expire per month.

Assuming your $1 million figure is correct, and the $350K figure is correct, the lot and shell are worth no more than $300K.Is the $1 million correct?

I typically advise my clients to hold up to $250k in equity and no more than 4 properties per LLC.Kind regards,Clint Coons

My concept is this, buy the property at .50, dump no more than .05-.08 cents back in to bring it up to par.

I think I've posted recently, that out of over 200 rentals, I've had no more than two vacancies or 1% for at least the previous six months.