Just investors eating lunch and discussing strategies.

might eat up all the profits on your flip.

If there really is equity, its a classic case of "you can't eat equity".

If you rent the 2/1 for $2K, your taxes will eat up more than 3 months in rent each and every year.

Oddball properties will eat your lunch.

Pretty nasty situation.On the other side, not an issue here, but buyers have taken possession without rents being stated and they stayed long enough to eat up the down payment/ penalties.

Nah... dirt is too expensive in NJ... and taxes will eat you alive...

Or do you instead knowingly over-collateralize the assets with a REIT, take new securitized debt as profit, and sell the corresponding rental yield payment overages to the pension funds and municipalities of the world willing to eat your "sexy" 6% dividend?

So, total costs are likely $1000-2000...again, unless there is already significant damage to the structure.I would recommend getting a termite inspection, getting an estimate on repairs and an estimate on treatment/bond, and then either eat the cost or ask for a reduction from the bank.

Being that the tenant is on a 3 year lease purchase agreement, I might eat the costs this year and cancel with the property management company.