., MDU, community or campus-style Internet) isn’t as simple as just setting up a router for a “hotspot” like the type found at your corner coffee shop, library, business center or poolside.

I've been lurking here for a while and need help from you smart folks...Will HUD allow owner-occupant winning bidder to re-negotiate purchase price after the inspection IF inspection reveals major issues that were not noted in the Property Condition Report (i.e. foundation failure, mold, roof failure)???

:D Real Estate Investor - Any of several unemployed individuals who spend the majority of their day painting and cleaning properties, staring at their computer monitors looking for deals, or talking on the phone to countless agents, contractors, lenders, etc. all for the express purpose of avoiding a "real" job.Tenant - A sub-group of life form that neither understands the basic fundamentals of cleanliness or operating a simple traditional stove top without causing over $500 worth of damage.Landlord - A multi-millionaire dollar narcissist who owns a phone that apparently never rings, an e-mail account that never receives, or a mailing address the post office never delivers to.Buy & Hold Investor (cash-flow) - A landlord who realizes after acquiring, rehabbing, and leasing several dozen properties, that he still doesn't have enough income to get off food stamps.Buy & Hold Investor (appreciation) - A speculator who holds onto his properties for several decades with the ultimate goal of making his great-grandchildren very wealthy.Note - Various discrete elements that make up music.Points - The sharp end of a nail or screw.Hard Money Lender - See "Loan Shark".Paint - An opaque viscous substance that exhibits the following properties, 1) costs far more than one would expect, 2) never looks the same on your wall as it did in the store, 3) covers half the area stated on the can, and 4) will only clean up with "soap and water" provided you add bleach, acetone, and sandpaper.Wholesaler - A mysterious sort of creature that makes large expensive purchases despite having no money whatsoever.Flipper - An overly dedicated individual who spends 2 to 3 months renovating property for a profit only to find they averaged $1.25 per hour.Motivated Seller - A rare and endangered species that has been hunted to near extinction by various investors, wholesalers, flippers, etc.Lender - An institution possessing a large quantity of capital not available to the public as there is more profit to be made in bank fees than mortgage interest.Asset Manager - An agent of the bank that couldn't tell the difference between a house and a shoe box.Foreclosure - The process a bank uses to seize a property from a homeowner and sell it for a loss rather than modify the loan and make a profit.Multiple Listing Service (MLS) - A large compilation of homes no longer available.Realtor - A member of an organization of real estate professionals open to several people who don't know anything about real estate.Bird-Dog - A motivated go-getter that performs 90% of a Realtor's services for 10% of the cost.Fixer-Upper - A term used to describe a house that only needs new paint, new carpet, a kitchen remodel, re-piping, re-wiring, several major structural repairs, and a foundation which requires a team of seismic engineers to fix.Turn-Key - A term that describes a "fixer-upper" (see above) that has been completely repaired and is available to an out-of-town investor for 20% above prevailing market rates.Contractor - A member of a special fraternity that shows up at your property to collect a check and at no other time.Appraiser - A professionally licensed individual with a tape measure, clip board, and camera who spends hours compiling a 30 page report telling you something you already know.Home Inspector - A guy with a ladder and flashlight who charges you $250 to inform you that you really need to speak to a licensed contractor (see above).Plumber - Somebody who gave up their medical practice in order to triple their earnings.Real Estate Guru - Somebody who gave up their plumbing business to triple their earnings.Bootcamp - A place would-be real estate investors go to part with the cash they could otherwise be using to purchase real estate.

Two were extensive jobs requiring total remodel with foundation repairs.

So far, BP has been rather free of sales, endorsements of programs and guru neutral.IMO, what is missing in the investor world is an organization much like the Board of Realtors.You have no representation at all with law makers, no ethics foundation nor any real educational phase, you're all running around out there with a lack of unity and direction as an important part of the RE industry, IMO.Seems to me, that with 100,000 members, BP would be in a very good position to spin off an affiliate professional organization.

The blanks for these type of keys usually aren't found at the big box home centers either, so the tenant will probably have a hard time getting their own copies.Unfortunately, part of the property management role is to handle the "just in case" types of things - so you should expect that you will get those occasional (and rare) calls at odd hours.BTW- regarding the topic title - it does take a certain "Talent asking for addtional key set" - and tenants have developed that talent!

Hi flip,you are setting yourself up for a huge financial loss or lawsuit.Cutting corners with a contractor that does not havea license, no insurance,and i am sure does not get permitsis asking for it.personal injuries,stop work orders,lawsuits,toonly name a few.You know, it does not make good businesssense,you want someone to ok this method and in your heartof hearts you know its wrong.Integrity,honesty,and professionalism,are the pillars of the foundation of your business.Please, :cry: do not hurt yourself.......Charles

Having a crew spend a few extra days carefully taking down the framing rather than simply hiring a scrapper, backhoe, and getting a series of dumpsters to come out in one day.We did it the way we did it because the old foundation was actually over the modern zoning setback line.

...It would be worth mine :mrgreen: On the other hand you buy a house for $100k and rehab it for another $80k over 3 months including mold remediation, foundation repair, permitting and changing all the major systems in the house...possibly adding square footage.

just returned from deployment I'm looking at this property to buy, so i can focus on school, and not work17 unit and 12 unit building17 unit building mix15 unit rooms at $328 a month paid week 2 units $640 monthparking laundry incom $87total month $6150Total Annual $7400012 unit building mix8 efficiency $520 a month 4 rooms $390 a monthparking laundry income $152/monthTotal Month $5700Total Annual $68000Actuals from RealtorMONTHLY INCOME For 20092009MONTHRENT COLLECTEDLaundryTOTALRENT COLLECTEDLaundryTOTALJAN$5,810$100$5,755$100FEB$3,430$100$4,055$100MAR$3,782$100$3,640$100APR$3,030$100$4,573$100MAY$5,507$100$3,580$100JUN$4,392$100$3,277$100JUL$5,467$100$3,060$100AUG$5,730$100$4,526$100SEP$4,390$100$6,855$100TOTALS$41,538$900$39,321$900AVERAGE MONTHLY INCOME$4,615$100$4,715$4,369$100$4,469Annualized Average x 12$55,384$1,200$56,584$52,428$1,200$53,628expenese2008 Taxes (actual)$5,716$7,985electric (actual)$9,252$8,352Water / Sewer (actual)$1,362$2,118Insurance (actual)$1,350$1,455Rooming License (actual)$216$0Repair & Maintenance (projected)$3,000$3,000management 5% (projected)$3,190$3,101Reserve (projected)$1,800$1,800Total Expenses$25,886$27,811On market for $603000Am I overlooking anything, it seems with favorable financing this property well work out nicer.Great first investment to set up my business a foundation if you well.Looking for insight, help, things to look out for, great loan companies, cash partners, anyway you can help I'd very much apprecitate it.