To complicate things further it’s hard to put a price tag on many of these repairs, whenever there is long term water intrusion you run the risk of “mission creep” i.e. replacing some rotten siding leads to replacing some rotten sheathing leads to realizing the studs are also rotten leads to realizing the foundation looks crappy too now you’re rebuilding everything.

. :) Usually, the software does this pretty well with all these complications, and when you have to lay it out like this, it gets very technical.

@Cameron Riley Move in fees seems a little unnecessary and potentially a barrier to qualified tenants.

You are making something simple complicated.

It's probably unnecessary, but I would also say you could put something in the new lease stating that any existing rental agreements with current or prior owners are explicitly terminated with this new agreement.

It got really complicated. the other $1000 in damages was from a busted faucet on my washer connection, totally separate and totally sucks!

It's not really that complicated to buy out of state.

However, this option comes with a number of potential complications – both financial and emotional – that need to be considered.Financially, you’ll need to inform your mortgage company when your home stops being your residence.

It's a ton of marketing, being on the phone, driving, doing walkthroughs, and negotiating if you want to find deals that investors will actually buy.If having a second full time job doesn't scare you, (and this is only my opinion - therefore not legal advice) When you are starting out wholesaling, I think creating an LLC would be a big expense and complication that you don't need.

I would put $16k down on the new studio using some of the equity from my condo.Here is the complication.