With obvious capital expenses taken against the prior year's income, M&M grossly understated the NOI.

Prior to the crash we were mostly investing in multifamily.

If I am planning to purchase a house with a tank, from now on, I will get the tank tested by a licensed geologist prior to purchase.  

Include them as a hard cost to the property when calculating rental rates.I agree 100% that the PM should know what utilities are the tenants responsibility and check that they have been paid prior to releasing the Sec Dep.Its my opinion that your PM dropped the ball on this and they should be responsible to pay the sewer bill, and chase down the tenant for the amount owed.

If you used that money as a down payment on an investment property and you need to make repairs prior to renting how do you fund that?

the prior resident was an artist so we found all sorts of nice picture frames and painting supplies.

Glad to know that there are many more investors than anticipated prior to coming onboard BP.

Obviously this is what secures the prior owners financial stake in the property.

I've been a raving fan for years and have converted several other landlords to QB fans who were prior users of competitor's software.

Maybe have a bigger project going and need some quick cash for that.If you have secured at least two cash buyers(one for the deal another for backup) prior to securing the contract, you have either closed deals with them before or you have their verifiable proof of funds with escrow account info regarding the EMD from them and the property fits their specified criteria to the letter its most certainly a sure win...then I say go for it.