Real estate is not a arm chair investment regardless of what other advice you may receive.

Add all those up and voila, that is the minimum dollar amount that should be in your CapEx reserve fund at that point in time, and that amount grows by the CapEx expense that is put into it each and every month, until those times come that you need to draw it down to fix something, which is what it is there for and what it is explicitly designed and sized as described above to do.

This all takes time but when complete I am fully armed.  

You can tile the bedrooms but it might cost an arm and a leg if you have to support the sub floor for the tile (i.e. cement board on the floor).  

I would rather deal with an ARM, but at least have the flexibility to try and refi or stick with it, vs the potential of having a ballon and for some reason not being able to pay it off or refi.  

If it's in great condition, and can sell for top dollar, be the realtor.A lot of people focus on one strategy and don't realize that when you're doing direct mail or marketing, you can arm yourself with a wide variety of tools and it not only helps you, but helps the seller.

The tax code is not explicit on this particular type of transaction.  

So the appraiser is trying to justify the contract price for the lender by finding comps or doing other relative analysis.This assumes it's an arms length transaction and not a special deal between relatives or close friends.

Account ClosedGot it so he suggested that you not broker the deal which would make it more of an arms-length transaction.

However, anytime a tenant has a problem in their building, I have to pull my skilled builders to respond to a service request which throws off the development arm's productivity.