(Year Built, Siding, Roof, Basement, Foundation, Heat etc.)Page 2 - The NumbersCost to Purchase, Closing costs etc.Cost to Repair (Clean out, New Floors, Painting)Holding Costs (Taxes, Insurance, Utilities)Anticipated Sales Price, Closing Costs, Commissions.Profit and Split.ROI.Does anyone see anything I should be adding?

Another possibility might be adding additional sources of income - renting out the common space/room in the office if you have one, to the tenants for birthday parties etc, vending machines, coin operated laundry, pet fees, pet non refundable pet deposits.  

With the recent hail storms in San Antonio, I have glass beading that needs to be replaced and I have no idea who does this.

My guess is that to take a 3/2 and convert it for 10 residents, at the very least you'll need to be adding some extra bedrooms (and possible adding additional square footage).

We are looking for more deals for rentals in the area, but my question is; Does anyone have any tips on how to pet-protect your property and additions that should be added to the lease terms?

You have the honor of being the first to be added to our possible buyers list.  

I have found a property that the owner:  1) has clear title; 2) property taxes are current; 3) the HOA has assessed a Notice of Trustee Sale; 4) Since the filing of the HOA NOD, I have also calculated the HOA dues and assessments that will have to be added to the potential investment. 6) Reviewed California Law on waiting periods for a) owner's termination rights, (NOTS 90 day redemption period - starts from date of sale). b) renters with and without lease contracts or if the homeowners is the occupant .My Questions: Please respond with answers applicable for California Law 1) If there isn't a 1st Lien in place or recorded, then I can assume most likely one doesn't exist?  

They should have an insurance policy that lists you as the mortgagee and I would also be added as an additional insured and certificate holder.

Quit claim deed would be filed and my name would be added to the deed with the seller.

And while doing research I saw houses with the extra square footage that will be added after finishing the basement going for about 150,000.