Congrats on your life long success.Thanks for the kind words....Well, yes, I am glad you asked that question, in fact with the most recent development that made medical history, I am honored to say YES, I did go through, even at age 73, the not so painful process of cloning.When  I started in this business, the most exciting electronic device I purchased when they came popular is a pager, I had to use pay phones and actually mail letters, look up property owners in person at the court house, go to the copy center, and drop off film at the local photo-mat and wait a week to get my pictures.

My plan now is to send them a welcome letter to introduce ourselves and letting them know a new rental agreement will be following shortly, a small questionnaire with the questions above and a Welcome mat as a gift.

My plan now is to send them a welcome letter to introduce ourselves and letting them know a new rental agreement will be following shortly, a small questionnaire with the questions above and a Welcome mat as a gift.

The overpaying is a bit of a cat and mouse game too.

Use a GREAT product like Schlutter Ditra mat when you put down your tile and chances are you're not going to have many issues down the road if installed right.  

I actually had the mouse hovering over the "buy" button for their LLC book, but then decided to find out if I really wanted to do it.  

@Hersh M. at 20% (38K) down this deal will net $1400 per month or $200 per door

It doesn't matter if you are young or old, totally new or need to build upon your experience.Yes, you have just announced a commitment to the thousands in this community about your seriousness regarding REI and have taken this bold step to affirm it.Your time on this site and with the BiggerPockets community will be well spent and can be financially rewarding if you so desire.You are here at the Forum, but, should raise your mouse to the top and explore the otherheadings displayed.Don't get overwhelmed by the massive amount of data archived on this site.Simply, bone up on the areas that you need to expand knowledge in such as, Forums,Marketplace, Learn, Network, Analyze, Resources.Feast on the Podcasts, #askbp Podcasts, blogs, webinars and the myriad of bookrecommendations.Also, you can review the quick links below to help solidify your grip on this site.http://www.biggerpockets.com/starthere http://www.biggerpockets.com/ubg http://www.biggerpockets.com/meet Setting up Keyword Alerts How to Use @Mentions on BiggerPockets 25 Tips for Real Estate SuccessAfter becoming more knowledgeable and confident because of my above suggestions, take action to snag your first real estate investment deal if new or add to your existing holdings if you have prior experience.Don't get caught up in analysis paralysis.You must immerse yourself in the RE marketplace locally in your neighborhood or afar if the situation warrants it.Take calculated risks if needed and you shall be rewarded!"

With that said- flooring is one, kit. cabinets and countertops is another and Lighting is the third.I budget 5bucks a sf labor and mat for flooring- I hardwood all public areas (LR DR hall) ant tile wet - (kit & Ba) carpet the bedrooms at $12sy.

I personally don't want to sell it back to her as it needs no repairs and is sellable for $125k conservatively as is (picture an older couple who turns their car mats upside down to not let them get dirty and takes care of their house the same) ;  the sell back price would be $90 k so obviously them moving on makes the most sense to me but terms have to work for them as well if I want the deal or if I want to keep a clean conscience.