Smaller concerns (such as landscaping or accent work) get lost in the shuffle, and sometimes even big projects—like the granite countertops Laurie originally wanted—end up going a different direction entirely.

And lastly, like I mentioned above with regard to the NN, NNN concept, you can pass through so many costs to commercial tenants in addition to their significantly higher ppsf monthly rent (again, usually, most neighborhoods…not all), like cleaning services, landscaping, signage, utilities for common areas, insurance, taxes, even re-facing a parking lot or repairing side walks can often be passed through to the tenant through “CAM” fees.

Higher deposit, short term lease, and put a weekly cleaning service and landscape maintenance into the rent.

The mortgage on the rental including taxes/insurance is 2000 a month with approx. 6 years left on the loan(rent is 1400 a month and tenant takes care of all utilities including landscape-shoveling.)

The only other cost I can think of would be sewer, trash removal, water, gas and landscaping fees.

At this point, we were able to get some quick initial landscaping done to clean up the property and demo should finally be finished this week.

Houston's investment landscape is far more complicated then "katy is awesome and north houston is expensive" (katy is awesome and north houston is also awesome!)

Unfortunately, a lot of the larger landscaping companies may ask you to sign a contract, which I don't like to do.

Comps are trading in the 7.5 CAP zone  (which is a bit nutty to me, we bought at around a 9 CAP)- all 2 beds- 96% historical occupancy- purchased for 2.24MM- have a 1.4MM loan, pre election 4.03% locked in rate, 25 AM, fixed for 7 years, yield maint first 3 years then step down prepay penalties- needs new roofs at a 100k capx - total capx is about 200k needed- area and complex are popular for an older demographic which we like because of the stability and lower turn over and less costs to turn over a unit- rents are low and certain expenses can be lowered with low flow toilets etc- found deal because of a relationship with broker we have in area after another complex by my partner was sold earlier this year.- was intended to be a HUD loan assumption with all the HUD loan contracts  that have already expired.

Hey Everyone,I'm looking for some feedback on a wholesaling strategy that I have put together and plan on employing sometime next week.Using the website ListSource, I have compiled a list of 1000ish properties from 3 zip codes using all mortgage types.1.From the property tab, I am customizing my list using the following criteria: a)Equity (%): Any properties that have more than 50% equity b)Property Type: Residential Townhouse, Residential Multi-Family, Residential Duplex, Residential Triplex 2.From the demographics tab, I am mailing to "Household".3.From the foreclosure tab, I am looking at pre-foreclosure initiated properties.4.From the options tab, I chose absentee owned properties.