We love visiting with people about the product and Northpointe makes it easy to originate.

Quote from @April Birdsong: Update:  My floor guy came over and found original hardwoods under the carpet in the bedrooms.

Property is 2100sqft and needs a ton of rehab since everything inside is in good condition however everything original from 1950.

Originally posted by @Jasmine Zhang:This thread is very helpful and I learned a lot of information here.

The original grants were for an 42acre chunk of an 82 acre lot.

I'm originally from Western PA as well (Slippery Rock) and now reside in Atlanta.Here is how I am looking at it along with the assumptions I am making:1) I think the growth prospects are better in the Atlanta market than Pittsburgh from a pure demographics standpoint.2) I estimate your return on equity at 7.2% currently3) Over the long haul appreciation is going to take you further when it comes to net worth than cashflow will4) Doubling of the roofs is doubling the expensesThings to consider:1) What is the year built of your Atlanta property vs. what you could replace it with in PGH?

Originally posted by @Corey Block:Mike, I would appreciate any contacts.  

If you’re running a MTR more like a STR, then you can decide to charge the full boat as agreed or, if you desire (possibly to obtain a good review) find a substitute renter for the period in question and credit the original renter.If, like me you operate a MTR more like a LTR just for a shorter period of time, you probably use a specific rental form provided by either the state real estate commission of the local NAR affiliate.  

I agree with the "it depends" approach when it comes to determining reserves, but generally, it should align with the age and anticipated maintenance needs of the property.For example, we have a duplex built in 2003 with the original AC units and roof.

@Justin Cummings what was your original strategy when you bought these?