You are going to start fresh with your tenants.

After arriving and a quick lunch at an awesome 6,500 KRW buffet (with fresh vegetables growing outside the restaurant), we were off to see the first property.

I hustle because I want the time and freedom to relax... just got back from Northstar at Tahoe, fresh powder over the weekend, snowboarded in and out of of the Ritz. 

I am finished up a turnkey rehab which includes subfloor replacement in kitchen and 2 baths and replacing tile, carpet, cabinets, countertops, vanities, shower base and surrounds, and freshly paint interior.

Also, if you have any sort of objections to their plans then you are urged to let them know - they usually get feedback from a few regulars so a fresh opinion is quite valuable if it doesn't involve screaming or cursing (which I'm sure you would never do).Also, the advice from the others to think about a subdivide is generally good, especially in the sense that you won't have to use the whole piece for the collateral when you proceed.

Good morning BP,Wanted to get a fresh discussion going on hard money lending (HML) specific to large MF apartment properties.To date, I've acquired < 10 unit MF properties using a mix of traditional financing and 100% seller financing.

Now the "issue" was they freshly painted the apartment when they showed it to me masking the cigarette smoke smell I was not aware of.

I can't believe they expect a deposit back with the way they left my house. the home had fresh paint, new floors downstairs (carpet was upstairs) they left the home a filthy message, my downstairs floors are way damaged, ive got holes in walls, baseboard trim hanging off, missing doors, missing shower head, she stuck a bunch of steel wool all in my stove which ive never dealt with that and dont know if to just take it out or replace it for fear of missing some fibers and having my new tenant start using the stove and it catch fire. just eyeballing the damage to the property, she's in the negative as far as the deposit goes. what do landlords normally deduct from security deposit? 

You'll have the costs of the turnover (6k seems like a lot, but maybe the place really is that bad), but you'll have a nice rentable unit and a fresh start. 

You gonna need a kid fresh out of Finance major or has Master's degree in it.