If you discover that a tenant has caused damages to the home during the tenancy, one approach is to deliver a notice to cure the violation, namely, to pay for the repairs during the tenancy, as compared to having to wait until they vacate.5.

Have them repair the work.  

Do I need a *business* checking account to accept rent payments and pay for maintenance/repair costs as they arise?

It actually doesn't matter if you are purchasing for cash or financing - it matters how much the purchase + reno will cost compared to the after repair value.

They have a huge service department in Boston and they track each and every repair on all appliance types and brands and keep it updated so you can get a real feel for the best choices.For those folks who have small STRs with limited space, the LG Washtower could be a good solution for installations where you can't vent the dryer and have a small area.It wouldn't be for a larger place like ours but for a 1 or 2 bedroom place, it could be a good solution if you don't currently have a washer/dryer.https://blog.yaleappliance.com/lg-compact-washtower-review?

EXAMPLEMy hoarder house cost $55,000 and was estimated to be worth $95,000 with no cleaning or repairs.

Sure, many of the issues were warrantied and covered under the builder, but you would have to schedule with certain vendors making residents wait weeks for repairs.

Yes, I've replaced flooring, painted, and had plumbing repairs.

If you have cash, know that 99% of wholesalers will have low repair values and high ARVs that don't match the actual data or upkeep of the house.Also, ask if this is being daisy-chained, meaning are there other wholesalers or investors in the line between the person offering you the deal and the seller.

It cost money to own a house and people normally allocate a percentage of the revenue towards repair, capex, vacancy and property management.