But you can de-leverage your risk in several waysa. hire an experienced PM or partner with an experienced operator in exchange for some of the profit. b. finish the project quickly and provide financial incentives to the contractor to do so.

If you’ve been thinking about exchanging your current home for your dream house, 2020 could offer the right time to move up.

Do we exchange it?

All of those situations, being tax delinquent, having code enforcement issues, etc, are all leads to people with problems that you can solve in exchange for equity.

Offer to help them out in exchange for information.

I would also wager maintenance, repairs, and capex at more like 10% total on this place (assuming the HOA takes care of the yard and exterior structure/maintenance).He also lives virtually next door, so paying 10% for management would be silly.

Then the next year I would pass off the sewer and water on them as a ratio based bill but in exchange take out the coin-op laundry and tell them they are getting free laundry (but make them sign an agreement that they will not do other people's laundry, or let their friends do so.

If you keep your income to 30k a year, you get pretty heavy subsidies on the Obamacare exchange.

Consider the risk/benefit of this.Be sure they are responsible pet owners and create a Pet Agreement that covers their responsibilities.Here's ours:PET AGREEMENT(Addendum to Rental Agreement)The Month-To-Month Rental Agreement (the “Agreement”) dated_______________________ between __________________________________________________________________________, as Landlord and ________________________________________________________________________, as Tenant of real property located at _______________________________________________________, is hereby amended to include the following terms and conditions: The rental agreement specifically prohibits keeping pets and animals without Landlord permission; Tenant agrees to follow these terms and conditions in exchange for permission to keep a specific pet:Condition for keeping a pet:Tenant agrees to pay additional rent of _____________ per month for the privilege of keeping this pet.Tenant agrees to pay additional security deposit of ______________ for the privilege of keeping this pet.Name of pet: ___________________________________________________________________Description of pet: ________________________________________________________________________________________________________________________ (type, breed, color, age)Veterinarian: __________________________________________________________________Emergency Caretaker: ___________________________________________________________Tenant agrees to:1.

The commission has been promised to them as a cooperating broker and they then have the right to waive the commission in exchange for a price reduction.