Got an invoice for City of Hagerstown Real Estate Tax and the letter said to make checks payable to and mailed toCity of Hagerstown, Treasurer's Office PO BOX 8708, Lancaster, PA, 17604Can anyone else confirm that this is also what they received from the city.

Got an invoice for City of Hagerstown Real Estate Tax and the letter said to make checks payable to and mailed toCity of Hagerstown, Treasurer's Office PO BOX 8708, Lancaster, PA, 17604Can anyone else confirm that this is also what they received from the city.

Still need reserves for roof, appliances, hot water heater, hvac, bath and kitchen remodel.etc.Unlikely insurance is $25 per month and taxes will go up as you improve the property.

My real estate agent basically telling me that at that price range anything I find is going to be very distressed and I need to come in with cash reserves to do a lot of rehab.

With all the experienced gathered in that sphere I will have to confirm what was already mentioned above - You will have a hard time getting a MF under contract with an FHA loan.

In our experience, the #1 mistake landlords make when selecting a Property Management Company (PMC) is ASSUMING instead of CONFIRMING.

The conservative way to budget Capex reserves is to look at estimated remaining useful life of each item: roof, siding, windows, kitchen, HVAC, water heater, bathroom, fences, gutters, chimney linings/tuckpointing, foundation items, etc, and assigning a replacement cost divided by remaining useful life.  

It would depend on how much cash reserves you currently have.

In our experience, the #1 mistake landlords make when selecting a Property Management Company (PMC) is ASSUMING instead of CONFIRMING.

I'm not talking about questions about reserves, credit requirements, and LTV requirements necessarily.