We also made sure it was extra clean when the next round of tenants came to see it and accomodated showings.With the exception of what Michaela said about accepting too much rent upfront, I wouldn't necessarily rule them out.  

It's supposedly the best building in the complex, and all-in-all fairly clean, attractive and safe.Situation:There are current tenants, a family who has been there 7 years who do not plan to leave (his elderly mother lives next door).

I'm a contractor,& have worked with Realtors extensively.have your Realtor ask around the office for someone that does repairs/inspection punch list items, they will be able to clean up that mess for you at a MUCH lower priceYou most likely won't have black mold, but Dawn dish washing soap will cleanse everything of mold"Home inspectors will verify"secondly, after all the moisture,& suspected mold has been cleaned/dried, you can simply use good sealer/primer on wood,& concreteI would guestimate around $3,000-$6000 for the entire job including hardwoodsMake sure you block any air intrusions in the crawlspace areas, Colorado can be hard on water lines :O}

and reduce the the monthly yard and interior cleaning costs from $450 per month to $200.  

I agree about the areas but they are already rented to section -8 so apart from routine calls which PM would be handling, I dont have to go there.

Carli my name is joez 😊 .I have been and investor many years .First a few tips read rich dad poor dad Robert KEOSKI to simplify investing .Second to me it's all about the numbers .If you have NEGITIVE cash flow and there is no room for growth you are not in the right place .Finally keep all your investments within 20/25 minutes of your home you will be taking many trips in the beginning to open doors or turn on switches lol .Look in a good deal there is meat on the bone say and older person neglects in a good area potential clean up and flip so on .Final piece kiss keep it simple spiggette it's in all investing books hey good luck any questions I am Always looking to learn and do better 

As a solar energy consultant for SolarCity I have been working with portfolio investors, helping them add value to their residential rental properties with clean solar energy, without tying up any cash flow.

I've purchased a used fridge for $200 that has done well for me over the years. some people prefer to buy new fridges rather than clean out their existing perfectly good one, and those discarded units taken away from an new purchase delivery are the ones that I usually end up buying once the retailer cleans them out and makes 100% profit.

I believe this is what brought the cost down and the ability to do some mainly superficial work and clean, clean & clean!

Vacancy allowance 5%, this is up to you lawn care (you or tenant), advertising, turnover cleaning, HOA if it has one, What about future assumptions for repairs and maintenance?