If things are noticed during a routine repair or other visit to the property by the PM, the owner should certainly be made aware and given the option of repair.

Maybe we could do a 12-7 routine.

@Kate Stallmann One of my wife's routine pieces of advice to her clients is, "You can always ask".

I'm sure if you do it a month before doing an exchange that will get an IRS eyebrow raised, but what about 6 months?

He knows the routine..

Would love to network with others, (whether newbie like me or pro), discover a mentor and maybe shadow someone on their day-to-day routine or even when landing a deal.

Perhaps its routine to just add a second story without getting advice from a structural engineer.

I'm just applying the 50% rule that says 50% of gross scheduled rents will go to vacancy, expenses (taxes, insurance, routine maintenance, make ready costs, tenant damage in excess of deposits, utilities at least when its vacant, CPA fees, legal fees) and capital (roofs, floors, appliances, furnaces, sewer lines, etc.)

I invest in other poker players.When I play in bigger poker tournaments good players will routinely trade 5-10% of each other and if one player wins they give the other player the agreed %.

If I can't follow the routine (I love food man LOL) then just don't expect to hear from me LOL!