I'll chime in with what we do, but I admit this would be difficult at scale.And as Spokane's current vacancy is at 1% or less, I'd say just implement the billbacks if you can.

BP,Just received the balance sheet on a duplex (converted SFH) in the Hampton Roads area.

If you did not include it in your original analysis it will be difficult to add it later without greatly affecting your cash flow.  10% is average. 

I'm just not sure if the bank/servicer are obliged to bid the market price minus the Net Value cost factor (15.95%) or the balance of the loan.

UPDATE: Well my agent spoke to the office manager for the broker and she told her that the houses are still available...but the owner is difficult to deal with (whatever that means).

It will be difficult to find a realtor and property that match your wants (not saying impossible, just difficult).

I'd rather require immediate payment for immediate repairs (not cosmetic) & always have tenants striving to get their full security returned at move-out.Could you have a lease term stating that monies received go towards any prior balances/rent/late fees/repairs/etc, before it's applied to the current month's rent?

Hello @Skyler Chaney, In my experience so far, its been difficult trying to get a contractor to show up and bid, or even give you an estimate unless you already own the property.

This is a difficult thing for most investors to understand, but why should a contractor be on the hook for changes and delays outside of his control? 

After that date tenant two is responsible for the payment and any balance must be refunded to tenant.