I believe you can cut that insurance down to $1,200/year, but it might be higher for your area.

And, even if it is so obviously cut and dry that you are beyond innocent, you still have to hire a lawyer.

Wants to "cut his losses and sell asap".

1 handiman type person sounds reasonable, assuming that individual would be responsible for general lawn maintenance (grass cutting), general cleaning of hallways, etc. and everyday minor maintenance problems.In addition I would expect a PM to cost around $28K/yr. and assuming reserves mean Capital Expense Fund, again I would estimate at about $28K a year.I would definitely contract someone to fully evaluate the rehab costs and check with a couple of PM companies to get their ideas and costs.

I didn't have a problem with that.But one applicant was a hair dresser, says she have clients who are closer to her home then her salon, or may be wanting a cut after hours would come by to get their hair done, I declined.

All three credit bureaus require it, as a result of the FTC requiring them to implement tighter controls to cut back on identity theft.I would recommend doing the on-site inspection so you get the actual detailed credit information on the applicant.

They will have a great indication and may even have a good reference for you if that bookkeeper isn't cutting it.

Cabinets with those black groves cut into the doors etc.

You could cut off the land for the house and call it sold from the down payment and then do a commercial loan on the balance of the land, but see your attorney on this aspect, it's a suggestion to consider.

The 'business' that you are starting wont cut it with anybody who knows what they are doing.BTW, I'm not a guru basher, I think the support I got from other investors I trained with and shortened learning curve was worth what I spent back in the day, and I spent a LOT.