I try very hard to be present for the repairs that are out of my league.

Renovate/repair.

Make sure to explain to them that there is always the option to list the property "as-is" with a Realtor, with "no repairs or reports to seller". 

It's a big goal to find someone to assist in this place I've not lived before.I also agree, and feel better about it now, that I've told them the problem.

Ill clarify that i am not referring to regular maintenance and repairs as capex.In your opinion, the capex should be an expense so it should be taken from "above the line" and affecting the NOI.

Hard Money, and then paid for the repairs out of pocket since they were only 3K.

I am using the ROBS program to create a C-Corp (Yes I am using an expert in this to assist) to purchase it from my IRA without creating a debt. 

Hi guys I am looking to purchase my first Multifamily this would be a first deal in real estate I found with my broker a property I am thinking maybe a good deal but I would like your thoughts on it . 4 unit Multifamily centrally located in west Chester NY Income 3720$Expenses Mortgage insurance and taxes is 1276$ a month Vacancy 186$Repairs 186$Cap ex 186$Management 372$As of now the landlord pays electricity and gas 600$ a month Water and sewer 50$ a month I was thinking if I take the property and put separate meters for water and electric I can have the tenants pay their own utilities Please share your thoughts on the deal

I spoke with a gentleman named Louis DeMedici, who is one of the 14 core employees at the company (minus virtual assistants and admin personnel) according to Lou.

——Repairs, appliances, etc to make a rental initially Ready for rent are not immediately deductible, they get added to basis and depreciated.