If the place is in that bad of shape and needs quite a bit of real work done I would get them out and start fresh.

In some cases, there's ways to structure the transaction where the current company forms new subsidiaries that are free of undisclosed liabilities, transfers the real estate into the new subsidiaries (exempt from conveyance taxes and tax reassessments), and then the fresh subsidiary is transferred to the end buyer.

I don't even want to visit any true "investment properties" which I buy out of state - this forces me to build a team & processes to manage everything for me while baking those costs into any deal I do.My goal is to buy 2 buy & hold properties per year, that strategy won't scale if I need to be fixing everything myself.

That said, IMO there is zero excuse for doing poor quality work whether you're laying Italian marble or cheap vinyl.It's really not hard to make low-end materials look nice and fresh for long enough to satisfy a new tenant.

It is a technical topic so maybe best to start a fresh thread in another forum will more can participate if you want to discuss.Originally posted by "IBMally":Because of my full time job, I can only be a part time investor.I noted the authors you mentioned.

My name is Royce Haynes and I am fresh out of the box new to real estate.

What a boon that has been to our family.Selling real estate is a breath of fresh air after 16 years in a hierarchical, government-funded job.

I am 25 years old and fresh out of college.

A TOTAL COLLAPSE of our system and a fresh start is the only hope to restore our country to greatness (in the distant future) that it previously had.

They are hoping that tenant will leave so they can stick you with more fees to make the unit "rent ready" and generate a fresh new set of re-lease fees.