Painting is highly dependent on weather and I think someone who is getting cash from you at the end if the day will paint through rain and skim on the prep.

I was skimming a too quickly before running to an appointment and read it as making $87 per month.As to the 60% expenses I was just looking at the aggregate numbers where he said NOI $4,296.

That includes trenching for electrical lines, skim coating drywall, landscaping, and - yes - due diligence on new purchases.I don't know if that's a "mentor" or not, but I admire folks who roll up their sleeves and dive in.

When the owners finally did it them selves the machines seemed to make more money (the conclusion being that someone was skimming).

The work is taking a long time because he is trying to milk it until his kids go back to school.

What if there are two houses on one parcel of land and you can subdivide the properties and sell them separately for a huge profit and no one else bothered to look into that while skimming the mls?

Makes me suspect the current managers are both skimming the take by overcharging the owner and letting their friends live there for cheap rent under the table.

Now he has another child and it's needs to deal with on top of this, diapers, milk, baby items galore.A contract comes through, he starts getting the debts paid and off his back, but he had to take a job at half his previous pay, and he can't make enough to cover the bills.

And I'm sure this guy would milk you for it!

Seal all asphalt, resurface all concrete, tuck-point masonry, patch & skim coat all stucko, bleach all siding, paint the trim and add fertilizer to make the grass greener.Establish a budget for your renewal project and keep going till you are out of budget.Good luck!