The more a tenant resists courtesy notices, the more formal I get in my communication with them - to the point where I'm citing conditions of their contract with each request (e.g., "Pursuant to section 10.3(a) of your rental contract, you are hereby given the required 24 hours notice that remediation of a window leak will commence on the premises by Acme Construction, LLC.  

I've driven by and from the outside its in much better condition than the price tag says (just my uneducated eye test).

. $1.5m loan amount, 6%, 10yr, 30 amort.The loan metrics themselves look good and with incentives for fees all cost barely come to 2 points (incl. appraisals, escrow etc).However, the conditions are alarming.

So you just found a 1000 sqft SFR with an ARV of $100K; it needs some rehab of say $10K and the seller is selling the property in its 'as is' condition for less than the ARV of $100K -- an amount which we are trying to determine. 

In the discussion that ensued he laid out property condition spectrum with three distinct points of reference: Fully Performing; Value Add and Rehibilitation Condition.  

The home is older and in relatively good shape and was recently rented in its current condition but is now vacant.  

thank you BenThank you JohnRegarding self-employment over a w-2 jobWhen I was just out of the Marine Corps and I had this job at Johnson Controls engineering firm because I was a science major, had a lot of calculus physics and chemistryMy job was to sell to developers and builders That wanted air and water  control devices and I was on straight commission basicallyI had like $20,000 in commissions that they  didn't pay me for I got really upset and at 25 yrs of age I didn't have very much EQ, and my emotions got the best me I basically even went to a lawyer and asked  how can I get my 20,000 in commissions here's the proof they owe me the moneyMy lawyer says it's gonna cost you 10,000 in legal fees to sue them at a minimum he's going to need that upfront as a retainerAnd then there was no guarantees I would get the 20 kThat's why I made the commitment at 25 never ever ever be a W-2 employee and I work as a 1099 alwaysThen I found a real estate 60-year-old mentor who taught me everything from distressed property to foreclosures to divorce to bankruptcy to probateI work for five hundred a week for 2 and a half years and then opened up my own business and did approximately 28 seller interviews a weekMy closing ratio in the beginning wasn't very good because I sucked at itBut with the good coaching from my teacher I got better and better and betterI quit after 2 1/2 years and started my own company on a shoestring it wasn't easyBut I made over hundred thousand dollars my first year if it wasn't for the teacher I would not know how to run a business and I would not know how to hire people and I would not know how to market and I would not know how to negotiateAnd you never stop learning because I made a Ton of money I was 29 and I made over 1 million and a quarter I rolled it back into the company which was a mistakeBut live and learn!

It all depends on the size, condition and materials used.  

If so, pick which unit you plan to occupy (usually the most tired) and make it a condition of sale that it be delivered vacant - the vendor can give notice to the tenant and they should be moved out prior to Close.If there are no provisions for owner occupant and the tenants are on annual or term leases, you will have to look at the terms of the lease w/r to notice.  

Three owners emailed management co. regarding conditions of parking lot.