I was actually going to offer each tenant their current rent for a full year if they sign a new lease with my property management company effective the date I assume ownership.I figured that would be a good incentive to avoid anyone moving out due to worries about the change in ownership.

I was not a very effective property manager; it is a very specific skill set.

Second lien stripping is a touchy topic and depending on the state, the process and effects are still working themselves out.

I'm remind of the old Twilight Zone episode where the lonely guy buys a love potion for cheap, like $10.He was impressed at the exceptional value and it's powerful effect on his love interest, who doted on him and made him the object if her desire round the clock.I don't recall what the antidote cost him, but he gladly paid the old shopkeeper the astronomical price to get 'her' out of his life.Perhaps the note could be "gifted" to a competiting note buyer?

FHA loans are also the only way to effectively claim any escrowed amount offered for repairs.We don't have any HUD MFH here, so I don't know if $100 down would be an option.

But I was wondering what expenses you have to seek out in order to run an effective analysis on an investment property here in Michigan.

If 'yes', then the company should also provide a scope of treatment and protocol sheet for the owner and/or occupant.You have multiple things going for you: 1) place is empty, so treatment is ideal, 2) you don't own it yet, so your up-front cost of detection is minimal, 3) it's not move in ready so the BB issue is not a gating item, 4) your treatment will be effective since you (not a tenant) control all the variables.Regarding canine services, I'd not employ this detection method for a duplex for one primary reason: expense.

For more cost-effective properties (sub-$50K especially), I use a bit lower cost estimate per square foot, because buyer expectations are correspondingly lower.

The competition in the immediate area should provide good data on what the market rent should be, but suspect as well that one needs to compare apples to apples and include the effects of amenities.

The effect of this should make the actual gypsum product nearly exactly the same size as your newly prepped, square hole.