Taking longer holding costs out of it, I’d wager I’d still be paying a good chunk more for materials.

A friendly fellow we usually get information from in exchange for farm fresh eggs and an occasional streak.

Offer to take them to lunch/coffee in exchange for chatting with you.

Hi @Joel Duguay, if you're an accredited investor you might consider reinvestment (1031 Exchange) into DSTs .

http://www.biggerpockets.com/starthere http://www.biggerpockets.com/ubg http://www.biggerpockets.com/meet Setting up Keyword Alerts How to Use @Mentions on BiggerPockets 25 Tips for Real Estate Success Lastly, this site thrives on interactions and as such we encourage two way exchanges and look forward to educational and thought provoking ideas relevant to REI.

In exchange for that possible high return, you take the chance of a low or negative return.   

I paid $310 and it's now worth about $420 without the lot-- so I could make a bit of $ and keep the lot (now worth $90K)Here are my choices:1) Sell house pay capital gains (25%) and pay down other RE debt or use that cash to build new rental on lot next door.2) Sell house and do 1031 exchange into another investment property in better shape.3) Scrape house and build triplex. 

Security deposit amountYou can find plenty of examples by searching for "tenant estoppel certificate doc" or exchange "doc" with "pdf" for more options.Here is an example and explanation: https://eforms.com/rental/esto...Some have a lot of legal jargon but this document does not need to be so detailed.

Hopefully he learned something from this exchange, and hopefully some of us did too.

Sell 2. 1031 exchange into a small multifamily 3.