Lester Schmitt I would guess that would depend on what the definition of substantial improvements is.I renovated my 3 units with no problem from the city because they were pleased to have the eyesore taken care of.

My contractor is highly qualified and so any situation is fair game, but he isn't cheap either.I guess what I am saying is convenience can cost.

I guess the trick is to negotiate the price down enough so that even if the condo fees go up, you'll still have a lot of padding month-to-month.

I guess it would depend on the neighborhood.

I guess my situation could be worse, but I have a great multifamily under contract which very conservatively needs about $20k worth of work to be 'nicely' fixed up- new stucco, paint, carpet, updating bathrooms and kitchens, etc.The problem is I already have an FHA loan, and won't qualify for the ideal FHA 203k program.

I would think a lot of brokers would be clamoring over you.Perhaps my perspective is skewed living in a place where new agents get about 50 mailings and emails per week from brokerages that are looking to recruit...I guess stronger markets are different.Have you spoken with smaller agencies who have more of a niche...for example, those that specialize in new construction or investors?

For thinking it wasn't that eventful for me as I read this post, I guess it was a pretty exciting month after all.

I'd guess if your answer is no, that your reserves are too low.

I always search the oldest properties first. 30-40 days is when I guess the asset manager starts to realize something is wrong plus it clears out the 15 day owner/occupant BS that the govt loves.

I guess i just need to know is there a easy way to deal with PM's when I start moving MH's out of there park?