Telling me that it's a poor rental is clear, but I guess I was trying to see if taking a partner to front the capital and then rehabbing would be best, or if my first impression to assign it with a 10k bump in price is the thing to do, or to lease option might be feasible, or something else...I suppose it's harder to evaluate a home that is in such a different market; this neighborhood is so close to lots of change in downtown, and one of this week's top local stories is the discussion of the new NBA arena to be built just blocks away.

Not saying anything by this, but it could open a door for conflicts of interest.

:D try competing with investors who pay CASH, real CASH and put in your "no money down" lease option blah blah blah - and you'll be laughed at right out the door...

Do you want to be a referee, mediator, debt collector, building problem solver for 11.50 per door?

lowball offers like that won't see the light of day (in a semi-decent market).in depressed markets - do whatever you think will ultimately get you in the door, to contract and to closing.

We keep the late fees (which covers the sometimes excessive extra time spent sending notices, knocking on doors, following up and chasing the money up to the point of initiating an eviction); evictions once turned over to the attorney are billed same as other vendors.

I'd forget about Mr. doorways too small, assuming it has standard sized doors.

We currently have a couple single-family.Any feedback on what to do, or especially what NOT to do would be appreciated.

Small ladderI found over the years that if I work with a plan, which involves looking at the whole house first, before doing anything, I've been able to do a complete "make ready" on a 2000 square foot house in just a few hours of work, instead of jumping right in and starting a mess before I've thought it out.Starting at the room farthest from the front door, and using your checklist inspect each wall, the floor, ceiling, baseboards and doors.

I think it should be taken into consideration the door it leaves open to being able to 'pierce the corporate veil' when you have a property in an LLC and the mortgage in your personal name.