I would like to thank everyone that has helped me along the way in answering questions and contributing to other posts.The next item on the agenda for us is setting up a software/ process for tenants to submit rents and any maintenance requests that they may have.

Hello everyone,Just an introduction to get started and requesting a bit of advice from all of the experienced ladies and gentlemen out there.

It was a very bad situation and I know that I am currently below the market rent and the tenants that I have now have maintenance requests every month that are ruining my cash flow.

The first step for me would be to introduce myself to the tenants - in writing - with instructions for payment of rent, reporting maintenance, and a request to schedule an in-person inspection of their unit within one week.

I'm not licensed in NJ, I don't know their specific laws, but I'd talk to the agent and ask if there's a way to request reimbursement for the cost of your inspection.

We actually found vermiculite in the attic and requested that the sellers handle the removal before closing, & they did.

Thus far, no solid movement, despite having sent all the documentation requested via portal or directly to the individual at the bank. 

Currently I am trying to figure out how to make a compelling offer (knowing seller's alternative is to wait for the bidding war to ensue) -considering things like paying all seller closing costs, waving any requests for credits (based on issues that come up in the inspection), but most likely keeping all the contingencies.

Just a few thoughts: - Get a thorough inspection- Get 3-5 estimates from GCs- Pick the right ‘genre’ of GC (fourplex and smaller usually falls under midsize or smaller GCs) - Always check license numbers and if you’re repairs or more than $25k, request references/info for 3 past similar projects with pictures or check social media and reviews - Get a service agreement in place before finalizing your deal and make sure the estimates cover everything in your inspection report and nothing is overlooked so there’s not as much unexpected cost that pops up.

You're two steps ahead @Marisol DiazI sent my request to join NUUREZ Investors