Private lending may sound risky on the surface, but it's actually a very safe, secure position.

@Bradley Glover I’ve used Premiere Surfaces a lot and have always really liked them and their work.

Now, if you do a full cosmetic rehab where you are basically resurfacing existing surfaces and painting, your talking in that $15-20 k range depending on sqft.

Without knowing the exact operating expenses, it seems like a decent deal on the surface.

Here is some more info on how they plan to address drought: http://www.cap-az.com/public/blog/258-colorado-riv... 3) Other surface water (e.g. reservoirs such as Lake Roosevelt, Lake Pleasant, etc.): these are dependent on local precipitation and are replenished on a roughly annual basis.

Actually, this even provides a free soaking of our side yard should grass ever decide to grow there, and even help keep the clay soil from shrinking and causing further stress on the foundation.So when they saw the water in the bottom of these open holes, they decide that there is either a drainage problem (DUH!)

Everyone else on your team will be transaction-based and not really involved after a purchase.We're in the Metro Detroit area, so you may want to follow our blog here on BP, but at least read the following posts:“How to Screen a PMC Better than a Tenant”: https://www.biggerpockets.com/member-blogs/3094/91877-how-to-screen-a-pmc-better-than-a-tenant-part-1-services-and-processesIn our experience you will need to:1) Learn to "Maintain to the Neighborhood", not your personal standards2) Tenant-Proof everything you can Hard surface flooring, not carpeting (too easy to trash) Same basic paint for everything No garbage disposals for them to break Only spring-type doorstops also with plate on the wall Glue rubber mats under sinks to prevent water damage Sheet aluminum on walls around stovetops, for easy grease removal Towel racks - screw 1x3 to wall studs, then screw rack to that Install low-profile downspout ext, not aluminum that always disappear Plan on cleaning gutters and leaves up in the fall as tenants won't Avoid garage door openers3) Have a great application screening process: Check credit for evictions & convictions, utility collections Focus on employment/income stability Require bank or debit card statement - you'll be surprised what they spend their money on!

Way too often people outside the industry look at the surface of a deal and assume agents are being greedy and making all this money for doing little work on a deal. 

Next year, siding needed replacement on both sides of the house ($2700), This year- fence needs to be removed and replaced ($2100)  (literally falling down from the earth shifting from drainage of subdivision behind us.

You can use FurnishedFinder for some surface-level data, but there really isn't a great resource out there yet to provide deep dives into MTR trends.