The lack of power is a violation in my lease - tenants must maintain utilities.

If you don't have to show up to court then maybe it's possible to self-manage and hire a company to maintain the property and also show it when you're gone.

Accordingly, property management activities that require a real estate license include: showing a unit for sale or lease, negotiating lease or real estate contract terms, maintaining security deposits, rent payments or earnest money deposits.Note: you may also need a Community Association Manager license.

These homes boast so much history, that we fall in love with that, but the "integrity" and the cost to maintain that, may outweigh the lower cost.

Worst case, if I was forced to continue maintaining appliances that a tenant continued to break, I wouldn't renew the lease.I can purchase a set of used appliances for about $1200.

Thank you for your input.For my purposes, please assume that the revenue sources are accurate as I am comfortable with their attainment.Please also assume that the operation will be professionally managed and maintained primarily thru the existing staff.Perhaps that would help you in your analysis.

You probably have a good point about liability, but my main concern would be the costs to maintain it.  

She likes the house and wants to stay and says she can afford it(though i dont know how).So she wants to sign a lease with only her name and I tear up the old lease(with both of their names on it)I could do that, or I could maintain we must keep the original lease so I have another person to go after if need be.Or I could say she can't stay because she doesnt meet income limits and then try and rent to someone else.Anybody have any advice?

My thought process was to buy/build commercial space to move my primary business into, while leasing out the rest </=49%, in an effort to decrease/maintain my current rent level ($550/mo) while building equity in property I own.

A few had gotten to the front door - but then always balked at going in.The house was everything I didn't want - oil heat, big; thirteen rooms, a huge property to mow and maintain, over 500 feet of fence to paint, no garage, etc.