One way to get that bonus variance is by designating a unit for low to moderate income earners.

I'm so proud of our staff, moderators and everyone else who has played a role in the success of this incredible community.Thank you for everything!

I am looking for a moderately-priced (free would be best) property management software--similar to Appfolio.

Sorry, I should have been more specific:The unit is under moderate rent control meaning that when vacant, I can raise the rent to anything I want.  

The moderators should consider some Greg S. ism's as although his comments are often brusk and not as "touchy-feely-polite-warm/fuzzy" as some people would like, they are often spot on and accurate.

You basically have 250K sitting there in equity doing nothing while many low to moderate risk investments could yield 5% , Basically it's "costing" you ~1041/month just sitting there with lost opportunity costs.

Carpets and drapes - "useful life" ruleNormal wear and tear to carpets, drapes and other furnishings cannot be charged against a tenant's security deposit.243 Normal wear and tear includes simple wearing down of carpet and drapes because of normal use or aging, and includes moderate dirt or spotting.

You may want to ask a moderator to move your post to a more appropriate forum or post it yourself in the right forum to get the best response from fellow BP people.

Price is nice and low, condition is fair, and rehab should be low-to-moderate in cost.

I'm thinking about starting off with homes either in the 40k range needing light-moderate fix ups, or around 80-100k  that are fairly turn key.