Your friend being a car lot would need to check the soil to make sure they do not have environmental contamination.  

We find it especially helpful when we don't have people moving out as often, to refresh ourselves on what to do when.Here are the things I include:Table of Contents:Resources. 4Property Selection.. 4Purchasing/Evaluation Reminders:4Unit Preparation.. 4Sequencing of Repairs. 4Crime Prevention Through Environmental Design.. 5Remove the Cleaning Vinyl and Plastic Blinds. 5Cleaning Cabinets. 6Hot water heater. 6Smoke detector & carbon monoxide detector. 6Advertising to Applicants. 7Utilities. 7Pet Policy. 7Smoking Policy. 9Occupancy Standards. 9Market Rent. 9Evaluation at Vacancy. 11Reevaluating during tenancy. 11Change to rental rates. 11Advertising. 11Tenant Selection.. 12Rating Applications. 14Tenant Selected. 16Rental Agreement. 16Paperwork & Legwork needed for Move in.. 18Move in.. 19Maintenance During Tenancy. 19Maintenance Needs reported by Tenant. 19Maintenance Performed by Tenant. 19Maintenance Inspection.. 20Things to Keep Maintained. 20Trees, lawn care & Trimming bushes. 20Monthly Processes. 21Collecting Rent. 22Rental Financials. 22Gather Market Rent. 22Document. 22Update Tenant Listing. 22Update Occupancy Tracking. 23Follow-up on Late Rent & Late Utilities. 23Less Frequent Processes. 23Here’s things to do on a routine, but less frequent basis.23Maintenance Inspections. 23Review Landlord/Tenant Law.. 23Issues/Changes During Tenancy. 23Late Rent. 23Unpaid Utilities. 24Mildew, Pests, or Rodents. 24Agreement Violations. 24Neighbor Complaints. 24Change in Tenants. 24Amendment to Rental Agreement. 24Abandonment. 25Terminate Agreement. 25Eviction.. 25Judgment. 26Tenant Turnover. 26Items left behind. 27Turning Prior Tenants in to Collections. 28IRS Guidance. 28Misc.

For example, we recently purchased a 2 bed 1 bath home (1,700 sq ft) for $35K cash and put $30K into a rehab to make it a 3 bed 2 bath home (kept existing footprint but added some walls) which then appraised for $110K.  

Here in California more than interest rates, our market (for new construction) is influenced by the environmental policies imposed, and the costs associated with them.

So like I said this was a labor of love that does not make financial sense his main motivation was environmental  IE reusing already existing materials. 

Where these numbers are found, there is a very high rate of rent actually being paid.We have over a dozen Fortune 500 companies just in Metro Detroit with huge Healthcare, Auto, and mortgage industry National footprints.

These you can probably look up online).There are also Environmental Indemnity agreements.All of these documents and a few more will form a complete loan package, and this should be prepared by a lending attorney used to private loans.

In November, I'll start as an attorney at a large Chicago-based law firm in its environmental practice group.

Environmental liabilities can be very expensive.

.• Time to rent <30 days• Within a fairly well defined geographical area • Single family• Two+ garage• Three+ bedrooms• Two+ baths• Within a minimum and maximum lot size• Correct ratio of building footprint to lot size• Master bedroom and guest bedroom sizes meet specific criteria• Built after specific year• Association fees below a specific amount• Certain floor plans are excluded• Certain subdivisions are excluded• Rehab below a specific amount with no high risk rehab itemsClass BThe characteristics of class B are similar to class A but also include town homes and the price range is lower.