Most of our housing stock is 60 to 120 years old and requires a lot of capex, especially the bottom of the barrel properties are typically fools gold, because capex will exceed cash flow over a few years.

If it’s not a hurry mail them a certified non-renewal end of lease notice (with the local required notice period.) you can include a notice of inspection before then or after they have vacated. 

In San Antonio, contractors are required to register with Development Services and obtain liability insurance.So, just reach out to the agency and see what they say.  

My mortgage will be $2600+(7.3% rate) so expenses can be $2200 at max as 45%. 

Competition..However, most investors are not aware of off-market properties..But not any off-market, the undervalued ones.These Deals are gold..Most investors don’t know how to really get them .Some do direct mail , cold calling , chasing people down and begging for deals.And except to get those deals.The Thing is those deals are not on the radar for a reason.And to get those deals, there is a very simple set of requirements that need to be met and systems that have to be implemented .Once you know these requirements and systems, it's just a matter of executing them properly and with consistency..And the undervalued off-market deals will come to you.It really is that easy….I’ve getting off-market properties for over 3 years now without even working to get them.Like 2 years ago I got this off-market deal and it was just a piece of land in the desert .For real .And I took it for 20k.No one I know didn’t make fun of me.They call me stupid .But I trust the requirements and the systems.Now 3 years later this land is worth almost $700.000 ($642k).It's all thanks to the fact that I can find undervalued off-market properties..And no, I start with nothing and zero connections..But that doesn't matter, because you don't need to have the connections, to be a sweet talker or have millions in the bank.If you’re sick of finding deals .Then all you need to have are requirements and systems to get you off-market deals.But please just don’t think that cold calling is the way.It’s sad.I will write another post about the systems and requirements to get those deals.just be open-minded that there are systems to get off-market deals.And that’s why some investors make millions and some don’t .They have step-by-step systems that guarantee getting those deals.Thanks for reading,

Hi Ray,Yes I did. it looks like the numbers will work well even with the less expensive property manager.

Each reporting company that is required to report company applicants will have to identify and report to FinCEN at least one company applicant, and at most two.

But if it falls thru and your bank requires 25%.  

I have mailed DOUBLE their required minimum number of mailers per week.

@Adriana Siu so you're going to offer maintenance-only services with no other services required?