Many states have no provision for sealing or expunging eviction records, so this red flag would stay on tenants' records for the rest of their lives, and make it even more difficult for them to obtain housing in the future.

Purchase price: $96,000 Cash invested: $110,000 Sale price: $168,000 If space is what you need at a great value per square foot....you hit the jackpot!

My first property only cash flows $67 a month and I HAVE to self-manage to stay out of the red, so you'd be doing better than I did on my first run!

Are there rules for how you split the billing among tenants -- for example by number of bedrooms, square footage of apartment, etc.? 

@Jim Salvatore Not sure if you ended up figuring something out for this project, but if you can adjust the square footages you will lease to tenants such that the property is at least 51% occupied by your business (based on total square footage), then it may qualify for an SBA loan.

For $1-1.50 more per square foot installed than carpet, all-day everyday.  

I see a lot of eager investors get too focused on the flip process and it throws a lot of red flags to the bank, and they're touchy on giving out the loan. 

@Joshua RaweSo many red flags with what this agent said.

If it is not mobile, most counties have minimum square footage restrictions.

When we first started looking for a space we were told that most leases were NNN and that it was no big deal because triple net was only a few dollars a square foot.