Even on light rehabs, things like soft flooring, outdated wiring, or hidden plumbing issues in mobile homes can eat into margins fast.

Quote from @Mike Hern: Quote from @John Delorian: Hi all,I'm having an issue and I was wondering if it is a common issue or if it is specific to my case.

Has anyone else run across this issue?

@Chris Schwartz I see, because in your example the profit would be 40k non taxable to the seller, the taxes shouldn't be an issue when distributing to family members.

The above efforts definitely helped and we thought we had the issue fixed, but the water is now smelling after the house has been vacant for a week or so.We plan to get the water tested for Sulfur, bacteria and iron.

What you've really done is put a bullseye on yourself for a tenant to file a lead-based poisoning case against you:(Or, they will use the info as an excuse to not pay rent or break their lease.AND IT'S ALREADY HAPPENING with the current tenants:(They are only making it an issue on the lease renewal because you told them (which you are now required to do).Confused about why you think previous PMC is responsible for exterior of windows not being encapsulated. 

It sounds like you've been more than understanding and accommodating with your current tenant, but it seems that her financial struggles and consistent late payments are creating ongoing issues.

Even if they have a public record in your county, they may have issues in another county that are not disclosed.

For the longest time they had issues with their compressors.

If you have good pictures and your rental is priced competitively you shouldn't have any issues getting traffic traffic.