Hey Bryce Y.

I'm 33 y/o and I don't mind managing my rental.

I have one income property I have been getting checks now for 12 years and do very little but check over a monthly cam statement.

Just waiting for the bank also sign and have a fully executed contract.Good news is that the bank will evict the person living in the house (That's a relief) since the tenant is not cooperative and they don't allow the county to do the certificate of occupancy (which is needed in my county for every foreclosure sale)PS ( 3rd lesson learned: Deals are like taxis, when one passes, the next one will come...i read that somewhere in BP and in this week I found another potential short sale I am planning to pursue also)Two questions:-Assuming the Certificate of Use comes saying the property needs to fix X Y and Z before is a livable property, How can I leverage this lo lower down my offer again?

Might keep it and add to landscaping.Sell the pump and filter, skimmers, and you might get a couple hundred for the filter/basket and y valve alone.

just use him as a private lender, pay him x amount of y period.As if flip deals go south, you don't want to be in a financial dispute with a guy that can make your life difficult at work.

The other thing I've done on a house in which I rented out the three bedrooms separately is get the average monthly utility cost, and then say the place rents for X, and they are responsible to pay utilities at a flat fee of Y per month.I can see how the shutoffs would be a pain though.I'm also trying to get a rough idea of the cost involved in converting something like this versus the rents I'd pull from the end product, since I've not dealt with anything like this before.

Well, just thought there might be...LOLBTW, welcome to BP Cam!

Hey @Manzur Y. thanks for jumping in and introducing yourself!

@Manzur Y., In the upper right hand corner, do a search for the 50% rule and/or the 2% rule to use as a GUIDE, concerning rental properties.