Besides, they have more character than newer homes.Due diligence showed that the tenants all paid on time every month and since we closed on 10/31 I can confirm that all have paid by 11/1 (minor victory and damn it felt good to see that first bit of cash flow).It's going to need a new front porch (spring) and some repair and painting to the soffits which I'd like to get completed this month.  

In order to get her any of the deposit back you're going to need her mailing address.

I'd also take advantage of opportunistic fix-and-flips (at least one per year) to build capital for additional long-term acquisitions.This will be a LONG POST so I think I'll break it up into multiple parts over the next few days.PROJECT #1: My first project was a 6/4 duplex in Tampa that was REO, vacant for three years, which (on the surface) seemed to need only an extensive interior reno.

I have the architectural site drawings, and they have good references for where the border is, but in theory, the neighbor could dispute any painted boundary...which would probably cause me to need a site survey.

If the risk free rates end up not that far below the hard money rates, that hard money number is going to need to rise.

Getting another contractor to take over is going to be EXTREMELY difficult and unbelievably expensive.I'm sorry this is a tough situation but to get to a reasonable outcome you are going to need to see this from your contractor's point of view and work with her to resolve the problem. 

I don't think I could come up with a consistent variable to cover all costs.HOWEVER: It certainly won't hurt your deal analysis to throw in a 10% CAPEX expense, as it will provide you with another 10% safety factor when you're considering a purchase.I tend to think that any Capital Expenditures are going to need to be weighted by the investor for their cost/benefit analysis.For example, if you saved money from your property cash flow to install a surround sound system in your unit, would that increase rent enough to justify the expenditure?  

This place is going to need a $60,000 make over.

It's looking like i'm going to need to renegotiate to really feel good about this deal.

I know there are many approaches but i'm going to run several different direct mail campaigns each with a different tone based upon the target group.