It's natural to want to shift the responsibility for those expenses on to the tenant as they slice your profit margin for the year down to nothing and start to hack into the bone for a loss.And this one big reason is why self-sufficient handymen typically do well in SFR, especially the high-maintenance lower categories, while others do not.

However, at this time, ensuring that the portfolios are strongly positioned to weather even the most severe downturn is the prudent decision.We are aware of the fact that this may be a difficult time for some of our investors and want to reiterate that this was not a decision we have taken lightly.

Its a light version of Durham/Raleigh/Chapel Hill, however the 1% rule exists there.

I’m treading lightly, because I don’t want to insert myself in delicate family/sibling matters; but I just want her to have all the information for her and her sister to make an educated decision.I think I’ve figured out most of the costs associated with a cosmetic rehab and commissions and such.

@Richard DiGirolamoIn most cases, holding passive, un-leveraged rental properties will not generate a tax reporting requirement.Rental income is passive in nature. 

Hi everyone,I am doing a light rehab ($3k - 5k) to a single family home I will be closing on in the next few weeks.

Painted exterior and interior, new flooring, new kitchen countertops, stainless steel appliances, new bathtub and surround, new light fixtures, and repairs as needed.What was the outcome?

We paid 8k for a 3.5 FHA DP, so not much equity in that sense.So obviously I'd like to know if that's even worth pursuing, but honestly I just want to wrap my head around the nature of the Cash-Out Refi - how would this be done if it actually (I don't think it will) appraised around 334k?

New flooring, lighting, kitchen and bathrooms.

. :-)  I also know human nature.