The property needs about $30k for mostly cosmetic renovations to bring it up a condition to compete favorably with other ALFs in Miami and attract tenants willing to pay higher monthly rental fees.The owner's husband is her partner in running the business and recently had a stroke and is hospitalized.

I used a handheld belt sander with a 40 grit belt to quickly get the high points knocked off then 3-4 coats of joint compound to skim coat (alternate vertical and horizontal strokes), then re spray a light texture to make it look normal.

which is by far the best tax treatment in the US today.. talked to your accountant about options.. it maybe better to sell.. if you have a nice gain that your going to take tax free then use that money as down stroke on a rental.

Figure out, in broad strokes, what happens if/when things go sideways.

Through a stroke of luck and relationships, we happened upon a 1960 fixer property in the coveted Outpost Estates neighborhood.

That is when they got mad.I've had other tenants go through everything that needed fixing while the repairman was there and everything was completed in one stroke.

Is he doing any work other than stroking a check?

(having trouble typing, just had a stroke - but glad to talk)Charles

A great example is another investor I know purchased a property, re-negotiated the cable contract, signed a piece of paper and the property was worth $600k more with the stroke of a pen.

They are re-writing federal and state laws with the stroke of a pen, and we get no representation.