Obviously some of these expenses won't disappear entirely, but could be run differently (coin laundry for example - you could opt to not renew when the lease is up and instead buy your own machines) but perhaps could be performed for much cheaper price (i.e. gardeners).

My intentions are to perform a cash out refinance and within a few months, I would like purchase a new home and lease my existing property.Many lenders I am dealing with claim to have programs that can perform to my intentions.

Perhaps it's because I don't have tons of cash standing around, I don't want partners, and I don't completely trust the risk equation of larger more expensive Class A projects - these are the only kind of rentals I buy.Assuming you want a project and you can and will put in the elbow grease - If they are performing and in an okay location and in rentable shape with good bones, $6k - $7k income with value-add potential for $100k is a great deal.They should cash flow enough to pay for almost all repairs except for large capital, but then again you should be able to save for those out of cash flow, or refinance in a few years.If they are willing to hold the note for a couple of years, you could offer them a high interest rate if they finance the entire thing for two years, or maybe they can take %10 down.

Also would help to add some low shrubs beneath the front window and maybe a larger off the corner to ground and soften the facade.In the rear add a porch and trees and edged beds with mulch and shrubbery.

OK lay it on me everyone.I'm looking at purchasing a few baby notes in Florida - non-performing firsts.I've purchased many in the Nashville area and all over the state of Tennessee.

Getting a lease gives you possession under a leasehold interest.Work with motivated and agreeable owners, you won't have issues with them performing. :)

The simple example would be working with a performing loan and working with a non-performing loan.

For me, I do very large and complex renovations on high end homes and I do multiple projects at once so it is necessary for me to have a project manager while also performing the GC duties.There are many factors that go into each process and each individual situation will determine which you choose.

Depending on the yield you are looking for you might be able to buy performing notes that meet your need.Bob

Fiberglass tub repairs tend to fail again over time, since the cause is usually due to poor support beneath the tub floor surface. http://www.redbeacon.com/hg/why-my-fiberglass-bath...http://terrylove.com/forums/index.php?