There is a solar panel system on a lease and the lease is terrible.

Numbers wise, I'd need a $75/sq.ft. builder on an improved (all site work, including septic and water taps provided) and permitted lot I would provide and my target would be $120/sq.ft. retail.

The solution is to find or manually build a quantitative, holistic tenant screening system that looks at the whole tenant- what does their employment trajectory look like?   

It's a 2br/1bath and a 4br/1.5bath and tenants pay $650 and $550 respectively... that's right, the 4br pays $550, with gas, electric, and water included!! 

Calling someone else greedy while you are trying to work a system specifically designed to not allow it is what I was talking about. 

Therefore setup a good filing systemGet a good answering system…Vonage Phone is one good exampleStamps.com is great for keeping track of letters you send your tenants.QuickBooks is a Landlords best friend.

For example (try  not to repeat the items listed below):- Laundry room or add washer/dryer in each unit- New roof- Individually meter each unit electric/water- Add small park- Update curb appeal to include paint.- Add small workout gym to leasing office- Update pool area with pavers and outdoor furniture-- List yours below --

I would suggest being present when this happens so you can see any issues yourselfGet copies of current lease, operating statements for 2 years, any appliance/HVAC/Water Heater purchase receipts, utility bill copies from the sellerDecide what you're going to do for property management.

Since last year when we had our baby, we've transitioned to being more passive in our flipping business and have accomplished this through systems and partnerships. 

Both units also need brand new septic systems, which the seller will replace.My question is...should I wait the few months for the seller to take care of all of these issues and make sure that it is done right before I purchase, or should I offer him a low-ball cash offer to walk away and then get a HELOC on the property to purchase my next investment.