Do not EVER use the security deposit for repairs or rent while the tenant lives in the rental.

(No reason to say 90 days because you’d rather collect more rent and sell towards end of the lease.)Plus if they decide to ask for repairs you can say no thanks and keep the $25k.

I am Buyer A, who purchased a house requiring extensive repairs from Seller Z.

The benefit of the outskirts of town: easier to find new place to build, land is cheaper, still in the path of gentrification and appreciation due to proximity to SLC market, no HOA to deal with, much less permitting and red tape, and these lead to new builds, which has the benefits of maximizing costseg and minimizing maintenance and repairs because the build is brand new.Happy to discuss by videoconference if you want, and I can pay you for your time. 

If you've done some repair work that would help. 

As a local investor and local Realtor, we run across off-market properties often and can help determine a fair price by providing an ARV (after repair value), and introducing you to some local contractors in the area.By the way, Lawrence has a local investor meetup every 2nd Wednesday of the month and Topeka has one on the 4th Wednesdays. 

One thing I run into often are borrowers who are looking for loans based purely on the After Repair Value of a Fix and Flip investment.

I underestimated the roof cost and the pool repair.

There are frequent pest issues & repairs that come up. 

My first rental is a condo.  It is in a great area and cash flows well, for now.  My concern is the HOA and state of the building.  The HOA funds are limited and if something happens, there will likely be a special as...