Networking with other investors can also provide fresh perspectives and new ideas, as sharing experiences often leads to innovative solutions.Additionally, leveraging technology, such as CRM systems, can help streamline lead management and follow-up processes, ensuring no potential opportunity is overlooked.

I suggest selling and avoiding the capital gain tax under section 121 so your friend can start fresh.

Sounds like you'll have to scrape the lot and start fresh out of your own pocket.

If you were and lose the value of the rental, then subtract the rental amount from the total price to arrive at the reduced value to you.Are you asking HOW to negotiate a lower price based on this uncovered information concerning the property condition?  

We are customizing our Podio so that leads with a certain label can be automatically pushed to a list on Smartphone Dialer for more efficient follow-ups that can be retargeted fresh.

Try to make income statements every month so the expenses are still fresh in your mind and you do not forget what you paid six months ago.

The answer is obvious to me, but please do other research or DM me and I'm happy to send you a ton of resources.Detroit is the kind of market you want to be uncovering today.

You uncovered issues and need to feel good about what you are taking on.

We even created a 'sight unseen' addendum to be included with every lease so tenants know that unless they asked for contingencies [ie: repaint entire home] the home is as-is, so they should not expect a freshly painted property unless they asked for it prior to signing the lease.

Its also long term since freshly planted trees or the like take several years to begin bearing fruit.