That could really screw you on your resale of the property and when you resell the property I can almost guarantee you the standard buyer will go through escrow/title company and then you just cross your fingers that everything turns up clean.

Unless they are absolutely amazing in every other regard (seems unlikely) you may want to call around to as many of their competitors in the area as you can and find somebody that doesn't price gouge.I'd have to agree with the tenant on this one - neither you nor the tenant should get screwed here, but I would say you should give the tenant a reasonable portion of their deposit back and then it's on you to get the PM company to fix their prices.

So the interplay of the state law and municipal ordinance really screws you.

If you don't have someone do an independent review and you get screwed you broke the covenant of investor diligence. 

I think I can build the second unit for $50-60k, but what it will appraise at is the big issue, as there are no comparables in my area that I or my realtor could find.My last house the FHA appraisal came in $10k less than the offered price, so even if the rent income justifies fully a $300k or $350k mortgage, if the FHA appraisal doesn't agree, I am screwed, this time for a much bigger amount.Certainly the difference between $250k, $300k, or $350k is huge, one has no profit, the other $100k profit!

. $750- Screws, adhesives and fasteners (cement board screws, caulk, etc) $50- Paint $40- Miscellaneous $100TOTAL: $2530With all of that said these numbers would be my BASE run, and assuming I was spending my budget amount on each item.

I agree with @David Krulac - hopefully your property is in one of the 2% RTT areas rather than one of the 4% or 5% RTT areas.The imputed property value used to determine the RTT amount can be found by taking the tax assessed value from the tax assessor, and multiplying (or dividing) by the common leveling ratio that the PA Department of Revenue has posted at their website, for the year and month of the transfer (the values in their table change over time).Once you have that value, and the tax rate for that location, you can figure out how much this screw up cost you ;)

@Brian PulaskiAccount ClosedI have thought about calling a lawyer, but I'm honestly trying my best not to screw this guy over.

My biggest mistake was screwing with the numbers so that I could buy the property.

It can really screw you.Check out Clint Coons on YouTube.