Website template is in case you need something fancy, but this could be dramatically low.Constant contact is just to help your lead generation by feeding them monthly newsletter, property listings, etc.

Because most people think it is fancy and sexy to buy large apartment buildings. 

Now that you've peeked into my fanciful existence I guess now is the point I tell you why I joined the Bigger Pockets Forum.

It doesn't need to be anything fancy.

To answer the part of your question that doesn't involve the subject to mortgage since that was dresses somewhat, note that a lender only has a say in what will be accepted if they are going to somehow have to have their principal discounted.

Actually, I'd lean toward a short sale, list above the payoff and you can go down.Probably needs to address his personal finances with a professional and maybe a shrink, divorce usually means for a younger guy, footloose and fancy free, dating and toys, again, I speak from experience but didn't go broke or get in trouble at it (LOL).He might also look into a loan modification if he's in default, get the payments down.

This system actually has MLS data embedded if I'm not mistaken, so you will actually be pulling your own comps.Texas is a non-disclosure state, so I've been told any of those comp sites are using fancy algorithms to come up with their numbers, and that the only thing you can really trust is the MLS.Eliza, how come if you're a broker you can't pull your own comps?

The Deal and your Experience will trump Credit.We need not see anything fancy, spreadsheets and power points are overkill.

Try to find a local exterminator that doesn't have a fancy car and a big ad in the phone book.Those kinds can rip you off with high fees.There is a difference between pest control and exterminating.I can tell you ongoing pest control is crazy for what they charge.With mice you just do not want to plug up a wall.They will come out in other places in the unit or if they can't get out will die in the walls and stink up the place.The tenants just as with squirrels will complain they scratching and moving in the walls keeping them from sleeping.Also they can chew on electrical behind the walls and cause problems.You have to make sure the unit is clean and stove is clean.Then you have to make sure you have no breeding grounds or trash outside of the property.Also you have to make sure property is sealed well from the outside so they can't get into the small openings.Paying for an exterminator won't help if you don't seal the outside and fix the inside.They will just get rid of a few mice and you will have more again.

Certainly address the mechanicals, you will need to comply with HUD guidelines for health and safety and after that, it is up to you. the following basic materials are for you to consider when completing your renovation, while considering the future implications of tenant turn-over:*FlooringNO CarpetTile wet areas if this in your budget or simply install a resilient Rubberized Vinyl Floor plank systemGeneral areas - either refinish hardwood if existing or a new resilient tongue & groove laminate flooring*PaintStandardize the paint color throughout the entire interior, do not get fancy with painting different rooms different color, just more of a headache to deal with at each tenant turnover*ElectricalUpdated electrical schedule, new outlets and switches you want everything to be nice and bright, you want the wow factor no matter the area or rents, you want everything to be clean and look appealingNew Lighting schedule - consider using LED - it is brighter (better presentation) - more energy efficient and should be a smaller maintenance burned over time.