But there is an organization that got this put on the ballot for August 7th through a petition drive.Billy, there is a state law in Kansas that says the city cannot force a tenant to be inspected. 

New guy arrives, sees weird equipment, doesn’t know how to fix it.

Help me arrive at a value. 

Assuming for the sake of answering your question, if you paid $40k, you would want to invest no more than $30k to arrive at the market rental rate of $700/month.  

In any case,  while the animal is not a pet it IS considered an extension of the tenant,  and thus any behaviors it does like damaging carpets/furniture/barking/making messes which cause waste or nuisance can be used to file notices against the tenant just as if they themselves were doing those actions.   

If this group of tenants moved in 5 years ago, compare the gallonage of water used  with what was used before they arrived. 

We can finance the build which we find is ideal for the bank doing the construction loan, they just take us out when the modules arrive onsite thus relieving their headache of how to secure their loan to a non-real estate module sitting in a factory somewhere.Feel free to message me and I can help you analyze this further.

If the auctioneer said SOLD before good funds arrived in the hands of the Trustee ... the third party deal is dead.Somebody sat on funds for a long weekend with an auction sale pending?

I've even removed CapEX (new property, minimal required), and property management, but still arriving at a negative CF.

I completely understand where you’re saying wear and tear exists, but I think it’s probably unlikely that ANY landlord could expect the place to be in perfect shape when the tenant arrives and leaves, natural wear and tear is going to happen.