@Colleen F.I completely agree with you and have proposed to him that running new lines is easier, and probably cheaper.

owner has not rented it out this semester due to do some rehab, actually did most of the bathrooms and they are in good shape, carpet is awful, needs paint, kitchen cabinets and better lighting. lower level apt needs gutted due to toilet leaking from above. here are the numbers:purchase price 330krents last semester avg=333/month, did not rent over summer, "I let them just leave their stuff til the next semester", my friend was seeing RED after this statement...expensesrents (if occupied at 333)=3663/monthtaxes 2200garbage =100 (actual quote from WM)water and sewage 525electrical=passed through to tenantPM=started looking, but quotes at 8-10%insurance= 300 (est.)planning on ripping carpet out and going with vinyl hardwood throughout, new cabinets in kitchen and paint, fix lighting and general clean up. plan to get rents up to 500-550 month, lease term 1 year. interviewed PM and he said they take one month's rent for placing a tenant, is this typical?

Usually the underwriting process is a bit easier.

After a year, if it has not been paid back, then you can go through the steps of foreclosing and cleaning up the title.Have you purchased tax deeds or liens?

I'm cleaning out a house to put on the market, and it's not glamorous work right now.....

The increase is from $50/unit due to the "Clean water Atlanta" project, which mirrors the numbers you mentioned.They compare Atlanta to NY, and if my tenant's usage approached the average usage, I'll be paying almost as much as you.

Getting loans for my retail business is much easier but more expensive.

If the property has been  well maintained (I know, this can be relative), usually $1k is enough to turnover (carpet cleaning, professional cleaning of the rest of the house).

Dry cleaning evokes thoughts of haz mat teams to lenders.Stephanie

I determined it was much easier if I did not have to raise the extra 6% in cash from investors just to put in my pocket as my commission.