I'll still file an eviction as well and go for the second clause(damages).Good Luck. 

If you don't require it there should be a clause in your lease either way regarding damage to their personal items etc.

I've paid special assessments for the roof (not covered by insurance because the former alcoholic that the former board hired threw a cinder block through it - voiding the warranty, etc).

Your PM will likely have much more time evicting, damage to the unit, travel  to collect rents multiple times, additional bookkeeping costs, etc.I have seen PM companies in rougher areas charge 12% average before.

I think the auction process like Williams & Williams, Auction.com etc has been a way for banks to try to get their properties the most exposure and on the open market instead of dumping blocks of them to investors for a large discount.

You don't want to learn after closing that the roof needs to be replaced in 12 months, the electrical system is inadequate, or you have structural damage.

I have not found a single family house but would look to spend around $350k with a 20% down payment.The multi family house I have found and am considering purchasing is a duplex that is outlined below:Asking Price: $500,000Loan DetailsDown payment: $100,000Loan Amount: $400,000Interest Rate: 4%Loan Duration: 30 yearsRent RollUnit #1: $2,500 (owner occupied)Unit #2: $2,000Annual ExpensesTaxes: $17,500Insurance: $2,500Other: $12,000Capital Expenses: $40,000The duplex is located near NYC, one block from the train station so it is both convenient for me and should be no problem to rent.My questions are listed below: At what purchase price does this duplex make sense for a buy and hold strategy?

hey guys, I wanted to see if someone who has been around the block  can offer some insight.I have been house hacking my rental for the past 4 years but have recently moved out and am legitimizing it working with a prop manager and such.one thing that has crossed my mind is when I switch my house insurance from owner occupied to rental, they will be performing an inspection and im a little bit anxious of my roof.My shingles and ply boards were changed not too long ago however the joists are warped due to the house being a 1920s.

It sustained water damage from a broken pipe in the kitchen last winter.

Yup, the little glass block tiles in the shower and as kitchen backsplash, subway tile is in its third or forth go round, and I think the Urban industrial look will be the "Oh that is so 2015"