I buy for 80k with a private lender at 8%, maybe clean it up a little or maybe not.

I manage the property myself and I have a person that comes in to clean the property after each tenant.

Property was more disgusting than we anticipated and we had to put extra money into deeper cleaning.

Property was more disgusting than we anticipated and we had to put extra money into deeper cleaning.

I paid cash-for-keys to get her out; she was supposed to leave the property in "broom clean" condition at the walk-through.

Many folks would I bet Personally, I have no price and prefer sleeping well at night haha  Jay knows an instance where my company was printing money “cleanly” but where in bed with an operator that wasn’t legit.Cut ties and cost us probably millions in doing so…

This will just turn into a ventfest with everyone complaining about how they can’t find good cleaners, Handymen, Plumbers, roofers, lawncare, snow plow, electricians, etc etc etc.And everyone complaining how they had to fire their last cleaners because cleaning crew members got in a huge fight in the front yard and started throwing things at each other…And how they had to fire the cleaners before that because they showed up drunk…And how they had to fire the cleaners before that because they never even showed up…

Utilities altogether is about $250 a month, internet is $90 a month for the 1T fiber (we want fast internet for 6 people), 5% vacancy, Lawn care $120 a month, Pest control $30 a month, and we do bi-weekly cleaning of the common area at $200 a month.

Signs of this are poor lease quality, maybe M2M tenants, high expenses (unnecessary things like high trash bills, internet, cleaning, security).

When you first approach the homeowners about helping them out of their property, you'll want to let them know that you aren't going to save their mortgage you're just trying to give them a clean escape from having that defaulted mortgage on their credit.