So is it safe to remove the loan contingency in our escrow?

Hi,

A few facts:

- Triplex under contract

- 100% occupancy

- FHA loan secured

- 100% tenants on month to month leases

- Due Diligence stage is almost complete.

The question...

I am considering this property and know I must remove all the illegal crap and restore it to a garage.

My tenants fixed several mounts in the walls and when they removed them it has ~12 holes for the screws.Even though the paint is >3 years old, I can take $$$ from their deposit correct?

It will take the next door renter most of a day just to remove all of the junk he has piled up against the fence.I had him help me build the back fence at this property and he does good work, so we will use him to build it and me to supervise.

The Code Enforcement Officer may remove a noncompliant sign without notice.

Also state if it is damaged you will be removing not repairing or replacing it.

@Iyan Tan I would be interested .Please send details to my email [REMOVED EMAIL ADDRESS]Thanks!

Property price hasn't gone up yet.Jordan - Annual expenses above include tax, insurance, water, etc.. but here's a more detailed breakdown: Mortgage interest rate (30 yr fixed) = 4.625% Property tax = $9481.94 Management fee = none (i'm managing it myself) Insurance = $2450 Water and trash ( if you're paying for it) = $930 Snow removal = $1000 Maintenance reserve = $1200 Cap Ex reserve = $10,000 (credit I got from seller) Vacancy = 5% ($3,240) As for cap rate in my area, I'm not sure but in a quick search it seems to be 4%-8% range.

First, I'm a firm believer of the franchise method. go to [REMOVED] to learn about the RPM program.