The second one is painless and efficient once you know how to do it, and as long as you do it well enough, you're still going to grow your portfolio with the owners you target as desirable, i.e. don't question how you rip them off and accept what you give them.If you're a landlord, what kind of tenants do you want?

I have another multi with some flat roofing that continues to leak after repairs so need to strip & add elevation for efficient drainage probably $2k if we do it ourselves.The $25k price may be close to break even (ARV $110-120k) if the complete rehab goes way higher than the $70k & they ALWAYS do.

I've had month to month tenants stay for years, because I take care of the property and address maintenance issues quickly.

His loan documents say they are from Nevada and a UCC search shows a different address for David & David then what is on the loan docs.

The dehu's will treat the high humidity but they will not address the source, which is what I would want to find. 

@Taylor Ballam: pm me for the address.

When you find a property you are interested in bring it here to biggerpockets (delete the address of course) and let some experienced members look at the pro formas to see if they look realistic.2 - There will be bad times.

On a project we're working on, we needed to bring in some 500+ truckloads of dirt to address a bad soils condition.  

I know I messed up by not addressing this issue in the lease.For those of you who rent out homes with septics, do you have the tenant pay for emptying it or do you pay?

Thus, I can implement a three-year plan but have a twelve year sunset.Finally, I would be remiss if I didn't address your statement that "you got free equity for putting the deal together so there's no downside for yourself."