It also confirms the amount of security deposit and the lease ending date.

However, you are talking morals and ethics with a gentleman who has successfully done business with perhaps hundreds if not more users on this site and hundreds more who have never heard of BP.  

Hi Corby,I definitely need to find a CPA with real estate experience. 

Our tenant would have a key and could assist people in through that entrance if needed.We closed, and at closing the developer signed a contract to install a door and escrowed $20,000 in the event they did not end up doing it. 

My point is certain things are learned with experience and 1) acting as GC once does not provide an opportunity to leverage the experience 2) mistakes can be costly.good luckHi Dan,thank you.

In my experience apt. conversions from single family are more prone to noise transmission. 

If you hear from him again or an attorney, be sure to respond immediately by your own attorney if necessary.Not sure what the laws are in your state, but you want to do whatever you need to to confirm the tenancy has ended (whether that is by abandonment on his part or with proper notification to end a month to month)

So, I would be very conservative (for your standpoint) on the researched estimate.I would do what I suggested above, then if the tenant takes you to small claims court you explain to the judge the legislative time restrictions you were under in order to come up with an accurate repair expense.This is yet another example of how "tenant protection" laws, in practice, end up hurting the tenant in the end.

So I would love to know where and how I can source such properties.Would also like to connect with some good investor friendly cleveland realtors with ears to the ground.And I'd love to hear about everyone else's experiences with moving from single to multifamily investing. 

. 🚧🔨🔥 Brand-new construction from the ground up🔥 Spacious, open-concept layout🔥 High-end finishes & custom design🔥 Prime location—walk to shops, dining, & parksThis one won’t last long!