That being said if you know you’re not responsible enough to put the money aside every month for these expenses when they come due then leave it all rolled into your mortgage payment.

(This is often paid as a commission to the leasing agent.)For onsite, I usually see all expenses including the payroll for the onsite property manager, leasing agent, etc. and 3-5% of collected rents. 

It was a battle getting them to agree to the Purchase price so I highly doubt they will budge lower, especially with closing scheduled soon. 

You may get high taxes in NJ and lower cash flow to start, but you will get a groundswell of appreciation if you do it right.

Although the days of cash flowing a house hack are gone (for now), cutting your living expenses down and using OPP to pay most of your mortgage is pretty great!

You've provided evidence of recent appraisals and repair receipts that support a lower valuation.

Let me explain:If you're looking for a lender that isn't going to be looking at your credit score or ordering an appraisal, then you'll be looking at higher interest rates and lower LTVs.

Do we just lower the sale price by equal amount and the contractor will need to take payment from the new owner? 

Now let's say I raise rents to $750, and in doing so I get two months of vacancy and some turnover expenses.

Con: lower returns (@7%) and higher fees.