You could be looking at some local cleaning, or ripping out walls, carpets, woodwork, trying to deal with an extensive problem.

The net effect is the same.

I do not take any risky financial decision if it will effect my family's home, but it is an individual preference.

The basement needs at least 3k for demo, clean up, paint which would add virtually nothing to the sell price.

How about an app that gives the tenant discounts on services (dry cleaning, restaurants, banking, etc) provided by local businesses, or maybe additional services provided by landlord that would help increase their Other Income?

I want to check where my head is at after owning 6 properties and putting over 100 offers in over the past year.1,100 sq ft 3/1 house in a nice neighborhood built in 1960Purchase price: $42,000Borrow $35,000 @ 5.5% 15y$3,000 for clean up and repairs$10,000 cash investmentProformaRent $900 a month = $10,800 a yearMortgage $286 a month = $3,432 a yearTaxes $100 a month =$1,200 a yearInsurance $100 a month = $1,200 a yearI know there is unexpected vacancy costs, maintenance costs, lawyer costs etc...

That may not be the most cost effective and cash flow efficient mindset, but that's where I'm comfortable with starting for now.

I really need some advice here.I've got a 9-unit building with a small roach problem.Now one of my clean tenants says he wants to move because the roaches are so bad - mostly caused by the gross tenants that live above and below him.I've already sprayed recently, and I'm sending the pest guy out again soon.What else can I do?

The third party escrow company, either Title or Attorney, will be handling the deal which makes it easier for you and keeps the paperwork clean, in theory.

However, out-of-country seller (no debt) paid $300/month to a property manager, $100/month taxes, $205/year insurance, $350/month water, $120 month for electric/heat (laundry shed), $35/month trash (dumpster shared with 2 other MFHs), $105/month mowing, $20/month pest spraying, $50/month for cleaning of laundry room, in addition to any maintenance required.