Penalties of these Federal charges may include:30 years in prisonUp to $1 million in finesIt's a Federal crime.I'm not currently at foreclosure, but am recently out of state starting grad school, no income, and home needs repairs that I simply do not have the money to make.

I would say that the value he brings is finding the deals, doing an initial diligence, having a local team set up for renovations/repairs/property management as well as knowledge of the neighborhood.

Each of the 5 warehouses on this campus will require updates (construction of offices/bathrooms, roof repairs, paint, siding repairs, new penetrations for doors, updates to electrical, insulation, and extension of water and sewer). 

I'm in Detroit now for inspections on one and to generate the scope of repairs on the other.

Next, plan on inspecting your properties every 90 days; you can communicate this to the tenant as you ensuring the property is in good order and to help you plan for repairs/future improvements. 

Getting Fair deals on labor and repairs comes from developing win/win relationships with contractors.

In real estate its messy and there are always repairs and capX projects that seemingly pop up from time to time.

@Chris Seveney I'm concerned about having $$$ for repairs when needed.

I am a buyer - my buy box is 200k ARV, all in $150k after repairs, rents for $2000 per month.

PMC staff are good at maintenance and maybe repairs, but they are NOT licensed contractors with years of real-world experience.