Then come back in with brand new plumbing, cabinets, banities, light fixtures, paint, floor decking, flooring, drywall, and electical systems from the weather head in.

PLUS a new system.

Folks,It is possible to build a Passivhaus compliant home (energy consumption <=15kWh/m^2 per annum) using off the shelf materials with a marginal increase in construction costs (~10-15% ... less as the workforce becomes more skilled).Primary heating and cooling of such a home can be accomplished via the ERV/HRV system with a small auxiliary heating source (there's a house here that has a 1500w auxiliary coil to provide additional heat to the fresh air supply during the coldest part of winter ... that's essentially replacing your furnace with a hair dryer).Even a near-Passivhaus construction (or retrofit) can lower energy costs 70% or more in comparison to the conventional (or even R2000) house being built in Canada these days.  

So I've been studying the state of the art, best tools & practices in Property Management, especially curious about Work Network development and proactive, preventive maintenance.What I've been surprised to discover is that the best PM platforms are full-blown accounting systems, designed to replace the likes of QuickBooks which has been so popular for so long.The thing I'm wondering is, if real estate investors are well diversified, they're probably doing a lot more than just investing in real estate.  

The septic system needs to be replaced because of the water table in our location and the damaged drain field.

If the tenants are generating more I would look at implementing a RUBS system (ratio-ed utility billing system) so they pay for the waste they generate.Also, $68/mo for pest control in Michigan is very high for a 6 unit building.  

Not to sound disrespectful but even a blind squirrel will occasional find a nut.I ought to know because I've been both the squirrel and the nut.There is no perfect system, campaign or single message that leads to profits. 

Problem is that so many sales are cancelled, it is really a waste of time unless you put the systems in place to watch and bid on lots of properties.One exception though is if you are buying a property for yourself, and are willing to pay closer to retail, and just want it.

I live in Oklahoma and so far find most owners know what their properties are worth so there is no room to raise rents right away) but if I did have the money I would so join his Deals and Dollars Club for the cashflow properties his handful of students who could make his system work offer for sale. 

Hi all,Due to my day job, I've been getting to know the LV a bit, due to visiting the hospital systems up there.