@Aaron Junck Just reread your first post.

EDIT: Aaaand I just re-read the part about funding the rehab yourself.

Also good by Frank: "10 Commandments for Real Estate Investors" (http://amzn.to/15ikXL0) I reread this book (it's very short and to the point) five or six times a year.If there's still room in your stocking I would add these two, both great reads:"Confessions of a Real Estate Entrepreneur: What It Takes to Win in High-Stakes Commercial Real Estate" by Jack Randel (http://amzn.to/17mJU5j)"Creating and Growing Real Estate Wealth: The 4 Stages to a Lifetime of Success" by William J.

I'm not sure I'm following it and I've reread it a few times lol.You said:offer 80 contingent on selling it later.

I read the book , and reread it each year at tax time.

Without re reading the whole thread, I recall the property located in Westland.

Investors, buyers, sellers, and agents commonly ignore the three words, "most probable price".I have to reread some of the other posts to add more comments.

(I am doing most of it myself against good advice, but I am improving) It sometimes takes a long time for something to truly sink in, so I like to reread items.

[Gross Income] minus [Expenses*] = Net Income[Net Income] \ [Cost Basis] = Return on Investment*Expenses include all expenses related to the asset such as payments on debt service (principal and interest), taxes, insurance, repair, closing costs, etc, etc.Gross Income = $21,000Expenses = $13,224Net Income = $7,776ROI = $7,776 / $75,000 = 10.4%I reread your post before posting mine and I see you wrote: "do you eliminate the principal portion of your mortgage payment since you are essentially paying yourself?"

I don't want to reread the whole thread and don't remember the timing in your area.Give her pay or quit notice, according to your lease/local requirements and then file for eviction.Since the health dept is closing the file, I don't think you have anything to worry about.