We recently had a guest ask for late checkout, we told them no because of our cleaner’s schedule, but they still stayed for an extra hour.

It was as I expected, but I was hoping for legal loophole to make little extra :-)

Just make sure you have access to extra funds, in case you run into surprises during the rehab, or if you underestimate the repair costs. 

I guess the reason I am considering it is because it is a way to stay somewhat active in the market here in Denver, while at the same time earning some extra money! 

Extra info.

My investment partner and I have capital burning holes in our pockets!

Getting specifics without a deal isn't easy.Additionally, a bank isn't going to want to feel like you can't afford the extra 5% -- at the end of the day you're going to need cash for repairs and what not.

That way your extra cash flow can help in the event of slightly higher vacancy or maintenance while you figure out your management situation.

You might like the $98 Home Depot special or maybe a $1,000 bidet is your style.He doesn’t want to get stuck with the extra cost.Have him provide allowances for fixtures, finishes and installation so you have a better idea of final costs.Better yet.

Most tenants respond favorably to this and we are able to resolve the matter amicably and quickly.For serious matters, when we mail by USPS First Class Mail, we pay extra to get a "Certificate of Mailing" ($1.45 by 2019 prices) to have proof we mailed the item (letter or legal notice) when we said we did.