Assuming that you estimate of rental income is accurate.Keep in mind though that lower income ppties come with management problems, late pays, possibility of evictions, higher maintenance/clean up on tenant changes.

Most of the things they inspect are fairly obvious (new paint, clean carpet, safe electrical outlets, etc.).

Every time we get some bad news on a deal and sometimes even just a routine slowdown for stips etc., he's ready to hit the wall.

Home owner has made a payment and has local mgmt company repairing/cleaning/showing etc.Can someone help me/us with this ??

The tree damaged another tree on the way down but the brush has been hauled off and things cleaned up.

Do you think I can rehab a project and still come clean in 24 months?

I have to applogozie for my puppeteer routine....I should have also stated that I am an experienced mortgage broker, been in the industry for 8 years, the last 2 specializing in investment loans.I could give you the names of over 25 people that have successfully closed rehab loans based upon the after repaired value with no verification of income or assets.

When this happens, they'll ask for extension after extension until the issues -- like code violations, municipal or utility liens -- are cleaned up enough so they can close.

Your tenants will put more harmful things down the garbage disposal and sink than the higher end tenants and will leave you more of a clean up job on turnover.OTOH your lower end tenants will let you slide on coming right over to fix a broken disposal or running toilet.

I can clean it up and post it for others to use . . .