Mike, Turning one property into a loser to buy another that will have a positive cash flow doesn't make any sense yes, but keeping in mind that an investors goal is to grow their portfolio, The equity base in one piece of property (the 200k ARV) could in fact give him the power to leverage more properties that have higher individual NOI's, utilizing that properties equity base makes it a winner, not a loser.

The lease should be a perfectly ordinary lease.

The location is optimally situated in a busy and constantly growing commuter hub and professional district.Although at present I am not a real estate investor in a traditional sense, the requirements of my operation has indirectly brought about an significant interest in it.I hope to be able to use this site as a meeting point for local investors and/or private lenders interested in discussing both short and long term opportunities.Thanks again for allowing me to introduce myself and I look forward to working on many exciting possibilities through this site.Best, Christian Crespo

I have a gardener that mows, edges and trims the trees at my properties, and just recently one of my tenants was complaining about weeds growing in the flower beds and a vine that was becoming unruly.I now make it a point that the tenant understands, in writing of course, what the gardener is paid to do and what the tenant is required to do.One another note, I have addendums regarding, "smoke detector & fire extinquishers", "Info regarding Renters Insurance".

It will help grow this site, which benefits all of us.

What I took out of this thread of good info...If they cause damages or require extra-ordinary cleaning, charge them for it.

Moreover, once you finally do close on these wholesale deals, the tax man is going to have his hand out since this is ordinary income (the normal assumptions apply).So, $100 per hour may not even be close when you include the real world operating expenses.

That aside, my main beef with this whole deal is that it feels that every day the Government grows in scope.

It's a great place to network, learn and grow!

If the roof don't leak, if the window is not drafty, if nothing is out of the ordinary then your culprit is humidity.