Our MLS board will not allow agents to have IDX feeds and require us to retain some information from individuals we share property information with.

IMOMy purchases were from portfolioed lenders with servicing retained so I did not purchase through a servicer, but as I pointed out, even though they are not motivated, it will be difficult justify not acting in the best interest of the holder.

Typically, that entails you permitting the tenant to fund those sorts of modifications to the unit, with you retaining control over who is hired to do work and the quality of workmanship and materials.

Maybe you two can talk about the situation outside of the forums.We own our coin-op laundry equipment and retain 100% of the profits.

If Buyer(s) fail to perform, Seller(s) exclusive remedy is to retain the earnest money as full-liquidated damages.

This allows you to have a saving account or better known as a sinking fund on your books, funds set aside for future maintenance expenses.Many also contribute the amount of depreciation claimed for the sinking fund, still retaining the cash on hand.Gradually you will have an emergency fund here that can take care of the small stuff, insurance deductables for an insured loss or an HVAC repair.If you are starting out without reserves, I'd suggest you work for nothing for a few months as part of the deal to get this cushion in place, you could lose out if you had a problem that you can't afford to fix and your tenants move out on you!

You pay the sheriff department a retainer for storage and advertising the property.

Here is another reason (by the numbers) why you should try to make it work and retain the tenant.Let's suppose you ask for $200 increase ($1200 market) and she says no.

The house now had a more open-concept main floor, a spacious master suite, and updated kitchen and baths... while still retaining plenty of that 1910 charm!

You may be able to retain the management (if they're good) which is a bonus as they will know the property.