I think Chris knows because we had this conversation a little over a week ago, but I would likely apply a similar strategy (perhaps without the leverage).

On Windows XP or Linux and Firefox 3.6 use the Copy Image Location entry.On Windows XP and Internet Explorer 7.0 use the Properties menu item, then copy and paste the "Address: (URL" property.

Maybe the claims were for personal property loss or theft and not for damage to the structure at all.Before you make this a big deal and potentially lose your earnest money deposit, have a conversation with your real estate agent.

Mark, I too think prices of many day-to-day items are only going to increase as the value of the dollar declines.

However, the heated and gross square footage and number of rooms on the appraiser's website matches the information in the MLS ad, so I assume the county at least knows about this conversion, although I can find no proof that it was ever permitted.Has anyone here ever had any electrical or safety issues with tenants after buying one of these conversions?

Sorry to hear you troubles Nate.I CRINGE when I always hear an investor say I bought a "turn key" investment.So far I have never heard of one turning out good but I am sure one exists.Those kinds of repairs costs can be normal.Especially if you have an older property that is being rented out more things will go wrong on a daily basis and it will be more management intensive.The item in your management agreement I am sure will be deemed and enforceable part of the contract unless it is deemed "vague and not descriptive and un-enforceable" by a court of law.Often these "turn key" investments are not deals at all as capital reserves and upfront repairs are misrepresented.I equate it to "lipstick on a pig".

I will try to look up more of my notes of that conversation if I can find them.

When a property has been vacant for some time (the utility company knows this from their records), the utility company can consider it a safety hazard to turn on the utility service without some inspection and repairs being performed first.And repairs are probably something you wouldn't want to do.Also to add to his item #2, some utility companies either want to see proof of ownership of some sort, or a lease signed by a tenant and the known owner, to turn on utilities.

I will cross post this here, as I wait for the official blessing from Josh (and not just a late day quick conversation at the summit) ::Talking to Josh, and unsuccessfully trying it a few years ago, I'm looking to get a local BP networking/round table going... monthly maybe?

Most turn key sellers these days advertise zero for all of these items.