There is a house in a nice neighborhood that has been vacant for years and the taxes have recently gone unpaid. I think the owner died a while ago and her daughter has the property now.Before repair value - unknown, h...

Is it possible to setup a month to month lease so that a 60 Day Notice to Terminate is required?My leases are all year long leases. and one of my long term tenants is now asking for a month to month lease when his yea...

The contractor will determine scope of repairs (structural and infrastructure plus feasibility) and total costs (hard and soft) given your specs.  

There is no infra structure by the city. 

Problem is rents are up and their location is great so they stay anyway.3) Since the market has been so hot for so long many landlords I have run across have almost non-existent records and can get away with this4) Comps are harder because the structures and uses are so different not just block by block but within the same block and its not like most of that stuff is listed anywhere5) Because of the cost making a mistake in NYC on your first property or second property can be fatal (financially).All this is not to say the valuation principals are different they are not, more that I feel its just tougher to operate here. 

Can I paint the inside and outside of the house, as I have been in the contracting business for 12 years ( but as of right now, I am NOT Licensed or Insured ) Just looking for some help and guidance, before I have to shell out $1,000 ( for the Inspection and Appraisal ), and knowing what I can expect to have to have fixed, and by knowing this , I can see how much more over the $5,000 I will likely need .Thanks so much - Michael

We want to structure it right from the beginning so that we are able to find someone serious and can have them put out signs consistently each weekend.Any advice would be greatly appreciated.

See if he will split the difference, or if not, structure it so its $212k, he builds plus the 18% then have it be so the first X amount of dollars above land and his costs come back to you then split it 50/50 afterwards.

Some say no way waste of money, some say yes, always, never own real estate w/o it)My opinion is yes, it is always best to own real estate in an corporate structure and to get insurance to cover yourself from liability.  

Small structural issues that came up during inspection which had scared off previous buyers, allowing us to negotiate hard on the price.How did you finance this deal?