So, they want to have their cake and eat it, too.I would not touch it with a 10-foot pole, but that's just me1) I learned the hard way not to do business with friends and family.

You really don't need a mortgage term policy designed to be reduced with a mortgage as you can obtain more coverage with a term policy that reduces on a uniformed reduction basis, a uniform decreasing term policy that will always cover any lien amount.Another matter, if it's a long term hold, an option to purchase and or first right of refusal can be used in the operating agreement, your equity may be applied toward the purchase as it's earned and acquired through the partnership.But, again, life coverage is rather unusual on small RE projects, but, OTH, I had a partner who was pretty healthy, my age who had diabetic not thought to be a big deal. 3 months later he was in the hospital having a foot amputated and 2 months later he had a stroke at my desk!

Should I have some type Of cover letter or something in writing other than proof of funds to help get my foot in the door.Any and all suggestions are greatly appreciated.

. - Painting shouldn't be more than $1.25-1.50 per square foot of living space, including labor and materials.

I have a tenant in place, and I went over to the property and noticed a huge 3 foot radius oil stain on my driveway.How hard is it to repair?

Your agent may be 100% correct that the per-square-foot price that buyers would pay will be less for a 30 year old house than a 10 year old house.But, just because it's true in your area doesn't mean it's true in all areas.

Might start getting "spot elevations" by a surveyor at the corners of the improvements to avoid the issue if you are a foot or more higher than the 100 year flood plain mark.

What other things would you recommend I do to start on the right foot

I've looked at $35k duplexes in nice blue-collar areas with almost no work to be done (plus surprises, of course).Having said that, most of those properties should cash-slow pretty nicely, despite the required investments to fix up.I have seen some bad foundations, such as basement walls caving in a foot or more on three walls.

He reroofed my friend's roof for only $2500 (for a 960 square foot roof area), and pulled the permit, so he is licensed.I've had a roof repair done in the past on a different house, but never the entire roof.