The type of work done would not usually require a permit like replacing missing doors, painting, replacing faucets, replacing plumbing shutoffs and associate external hoses, adding plumbing stops to every sink and tub, repairing a steel fence (this took a lot of time, required core drilling and replacing retaining wall stones), glue top stones on existing huge retaining wall (should have already been glued as the wall has a permit as it is maybe 15' tall), fixing a garage door, adding insulation, adding drywall to existing framing, adding a closet, yard cleanup, repair the built in BBQ, change of many door knobs, etc. 

Also, are you more at risk from a one-time external event (such as a tornado) if you have 12 rental properties with 75% leverage or 3 owned without debt?

This is a negative influence or a forced external obsolesence to a higher valued property.

The negatives are that the Ardent line item is a non-active external condo fee for external maintenance which varies each month based on work done.

Originally posted by Kevin Kaczmarek:Our retirement planning should be based on assets that produce cash and appreciate in value, not securities that ebb and flow with the 30+ forces we have no control over in the market.All investments ebb and flow based on external factors we have no control over.

I was trying to illustrate that some companies do well regardless of external financial crisis, panic, European debt issues, etc.

Get proof of that income and verify that it is consistent (same in Jan 13 as Jan 14) and not dependent on oil prices or production levels or some other external factors that she cannot control.In addition, I think the $3K on $1600 rent is pretty slim, I would want to see the persons last 3 mos of bank statements to see if they have some savings built up or if they are living oil check to oil check.I would not be excited about renting to 2 unemployed adults with 3 different pets.

If you do not, you can trap yourself behind a purchase price that does not provide you any income if you decide to hire on external Property Management in the future.

They can make $3,500+/retail home they close with little work or they can make $2000/investment deal with a ton of work that needs done.Visits to the property for photography/videoARV and rent compsSchedule home inspection and/or contractor to build rehab budgetLow ball offers and harsher negotiationsCoordinate for long distance closing and turning over all items for the home to a property manager or project managerMost investor oriented brokers are either investors or new brokers who are interested in investing.

After some internal and external discussion, I think I am going to sell it.