If you intend to vacate, the original lease agreement states you have to provide a 30 day written notice of your intent to vacate.

Once the interior was stripped and the infrastructure tested, I brought in commercial contractors to handle critical systems like plumbing, electrical, roofing, and HVAC installation.The house, built in the early 1900s, was originally a coal-burning residence.

The times we’re re investing in just require a more creative and strategic approach than before.Disclaimer: My original post was removed by the moderation team. 

@Michael Palmer As a general rule of thumb bank originated construction debt will be WSJ Prime +1 point with a floor, 1 point origination and 75-80% LTC while meeting certain LTV thresholds (normally 70-75%).

Buy strategically, and if you do it right you may be able to get that 2nd one quicker than you originally thought and sit in a better position than you do as of today.

If you have a slow leak...coverage is less likely especially with aged plumbing.To the original poster, Salil.  

The real property investment can be repositioned if it proves disappointing in its original form; it can be refinanced or recapitalized if it has too much or too e pensive debt; inflation over time bales out many bad purchases, and finally the investors knowledge, experience and abilities can be leveraged to turn around a cash flow negative property.I’ll provide an exampleThree years ago we purchased a note from a bank secured by two auto repair facilities with a large amount of excess land.  

This is what got Dave Ramsey in trouble years ago and that's why he preaches financial advice the way he does.Back to the original topic.

Originally posted by @Chris Baber:Hi Terry, I'm curious who you went with to manage your new property. 

Originally posted by @Eric Mayer: Not sure how much Marijuana you have been around, but some smells terrible and all of that can happen without smoking it inside.