Also, an electrician that I was rather impressed with (manners, presented his insurance and license from the start) came up with this quote which threw me back at first:6 recess cans in living room4 recess cans in kitchenInstall (3) 110volt smoke detectorsreplace/extend switches and receptacles after drywallGFCI protect kitchen sinkDemo wires in wall to be removed (wall removed by other)Total $1795.00Personally, I don't think I need 3 smoke detectors in a single story 1100sq ft home and that I could get away with 4 recess lights in the living room and 2 in the kitchen (keeping a chandelier for the dining area).

Many have over extended in far too many properties, and selling for a low price is their only way out.

I know some guys who market and rent ONLY to fellow military members for extended short-term housing and are killing it.

If at all possible, I would absolutely open all three of the second floor windows, it creates a nice balance and provides interior light.What the building lacks is a residential, attractive and welcoming entry, which will completely transform it without spending a fortune.A few questions... does the front property line extend to where the grass strip ends at the alley?

At the same time you could offer to release them from their lease if they choose.

Jeff, while paying cash for properties is a great way to get great deals, holding the properties long term with no debt held on the property leaves cash equity sitting in the waslls earning 0% interest and removes one of the two greatest advantages to RE investing in my opinion - leverage.This is not to say that one should over extend or overleverage as moderation is good not just in drinking, sun exposure, or eating, but in applying leverage.

Justin, One way to approach the extended lease term that gets you through to next summer is to stop by and talk to your tenants face to face.

Most that I see for funding do have a full release, although not all.

The mortgage company that extended you credit wants their money once you have transferred the collateral to another person.Assuming you don't want to pay off your current loan with cash and then do owner-financing this really isn't an option for you.

Your post looks awfully similar to a press release issued by someone else:http://www.pr.com/press-release/23631[b]Seems like someone here is guilty of plagerism . . .