I wonder if rent control laws will be easing anytime soon in this city - other than capping rent prices, I don't think they do anything to help improve the quality of rentals.

Currently, they appear to be rushing into putting lots of offerings on the market these days but if Fund 4 is any indication, they are not doing the required due diligence on the quality of what they are offering.   

Current rents and building quality needs work, total rent income is around 5k/month, parcel is quite big 14k sqft.

It can be a struggle to find those who offer adequate service, price, and quality.

The reason i like working with Mark (along with the quality of what he puts out, which is better than most cost seg studies I have seen) is we have a great working relationship that we can readily discuss a client and their goals.

Also make sure you have quality insurance with an umbrella policy.

And, there is every possibility that I am able to assume quality debt if I am a low-leverage purchaser.

1)Purchasing distressed property with seller financing with substitution of collateral clause.2) Wholesale property as-is, then move favorable seller financing to better quality property keeper at below market rate & favorable terms.

I now currently work for a PM in Milwaukee that has the same focus as you, to provide quality property management and we have prioritized quality over quantity as we have grown our business.

Appliances supplied mean better rents and a higher quality tenant.The location of the rental and the type of tenant you want will dictate what you supply.Finding a good supplier of new appliances will get your cost down to the point that used doesn't make sense.