I think you need to decide is this property worth a full environmental examination or would it be wiser to put your dollars into a different property(s).

I rented a townhouse when I was running around the countryside examining banks since my home was 200 miles from my regional office.Be consistant with everyone who applies.

I would definitely examine the property with a fine toothed comb as $300/year per unit is very low.

You try something examine the results and then adjust the plan.

I think you need both (plus a balance sheet) to really examine property performance.A month-by-month P&L with proper pro-rata expenses (e.g. taxes) and set-asides for maintenance reserves and the like might tell you more about how your properties are actually performing.Great read, nonetheless.

I'm Jason Williams, a relatively new cross boarder investor who is looking to meet like minded investors to bounce ideas off of and share solutions with.I presently work in the automotive industry but am investing in real estate to supplement my income and to have something to leave for my future children.I stumbled onto this site while searching for evaluation tools after becoming a co-owner of my first duplex in Florida but I haven't worked up the nerve to do an introduction.

This piece is meant to aid in cleaning up the industry and instruct folks on how they can take examine materials and scenarios for some of the games bad boys play.

Good morning BP World,I have some exciting and nerve racking events on the horizon and I need some advice! 

Here you examine the the asset(s) (the building(s)) and the clientele to determine the quality of cash flow: is there significant deferred maintenance; has the building reached, or is it nearing functional obsolescence; is there room for improved performance; is the location good/bad/meh; who are the clientele (what are the turnover, bad debt, & eviction rates)Stick to the numbers, and choose the best quality cash-flow you can get at cost which provide you the return you require and a level of risk which allows you to sleep at night.

As we are looking to be at 15-20 doors this year, I'm starting to examine how much we should really hold in reserves.