Most were updated in the last few years.

Also, the revenue estimates are generally widely exaggerated in order to justify the exorbitant property management fees.Finally, if people are interested, I’m happy to post updates on how my own development project works out.I hope this helps!

Water bills come in once every 3 months and I give tenants ample notice prior to updating their accounts with the water bill charge.

The other investor's properties are a little bigger, but ours are more updated and in a better location so I think we should be able to get a similar amount.

Here's a 4-years-later update. 

On the Indiana side you will not have the tax problem but the rents will not be as high.We are currently working with a client who is purchasing properties for around $100K; putting less than $10K to update. 

This lease does not change the length of your lease term (month-to-month); it simply updates relevant matters now that I will be assisting you with your housing needs.Beginning with rent for the month of September, please pay your rent by depositing the entire amount into the following bank account at (your) Bank: account # 123456; routing # 123456.

This may be your best bet as it lets you hold off on formation, but its important to make the title company and the lender aware ahead of time so they can update title and prepare the loan docs with the correct entity name.

Thanks for the update and the quick reply!

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