Including a flat fee for utilities on top of rent will make the rent look higher and less attractive to potential residents and potentially cost you money if there is a toilet running or water wasting.

It might cost some money but attorneys fees go on top of the amount.

Hi,I have a turnover for a property in Memphis TN, and there's a bit of extra work that needs to be done in addition to standard wear and tear, some bedroom doors need to be replaced, blinds, patching, painting, some floor tiles etc....I got an estimate, and I know everything is costing more these days but it feels a bit aggressive. 

A typical policy covering up to $15,000 in property damage and $100,000 in liability coverage costs under $200 per year7.

Aside from cost and finding a good contractor, my major concern is safety of the home while it's vacant and being worked on.

Would love to know more about the market, what to look out for, and any areas to avoid at all costs.

- Is there another way to make this business model work without sending out direct mailers that could cost tens of thousands of dollars each year?

I would like to converse with the owner on cost, process, hassle, lessons learned, etc but only the agent is at the open house.  

Some are forgivable at a rate of 20% per year and after 5 years they dont have to worry...Others take 15 or 20 years before it becomes 100% forgivable.Some are not forgivable at all...With this deal I would be less concerned with equity that exists and more concerned with the amount of that equity can the "Moderate To Low Income" of a Habitat Homeowner support in loan format.I am almost certain that its possible but your going to want to know the terms of the DPA/ Grant so you're aware of the actual cost and you have to see what the DTI looks like to see if it will fit what theyre looking for.

And we also need to distinguish between for-profit room rentals and cost-sharing roommates, which is a big can of worms that I don't want to debate.