If there is no response in that time frame you will be clear of the lien amount.

We market the property at lower price and then discuss a sort of 'cost averaging' for that utility during lease signing.Here's another 'out of the box' idea - depending on your layout and climate - you may consider electric baseboard heat as a different option for heat, coupled with using window units for air....Jim

If you just patch it up, so the condition is comparable to other properties your repair cost will be lower and then you can multiply with .8 or a bit more.Good luck!

On the flip side she could probably get a lower monthly fee but they are motivated to find new tenants to make money on leaseups.

I don't know, just feel like, I am talking myself into it.Best time to buy may be brief period when the cap eventually goes high with market crash/adjustment and eventually the interest rates will need to be lowered to revive economy!

It equates to significantly lower returns when you compare it to you how much you had to put into it.

My goal with this approach is to use lower living expenses to improve my day job cash flow and begin house hacking where market values are low enough for me to "start small".In the spirit of collaboration, I'd love to take this chance to share the latest draft of my emerging investment strategy for feedback.My "Why" and CF Goal:I love not working for someone else, and I'd love to travel without someone counting my days out of office.

I would consider lowering the price or offering some bonuses like 50% off the second month's rent to make your property stand out from the crowd.

Thanks for the reply according to my realtor she actually helped me understand that portion of the contract better if I don't renew the lease then the lease just expires so I would have to have them sign a new lease and next time if I wanted that option check the box.The odd thing though there is a section stating it could renew on a month to month but she is stating since that section is marked out I would have to press for a new contract to be signed by the tenant which they are going to try to barter with me on and get lower rent so kinda stinks. 

HOWEVER I can see value in a market like this, where you determine, only for yourself, what those lower parameters may become in the event of a crash.