It just seems excessive that such minor work can cost that much?

We're having a challenge finding a bank that will lend to the LLCs on these properties where the fees aren't excessive (relative to the loan value). 

This building has a full basement with no windows but is nice, solid and dry under it, 125’ by 40’ with 9’ ceilings that is just sitting empty and a waste of space that I think I need to make use of.

Having some dry powder is not a bad thing.Disclaimer: I’m not a financial advisor, you should consult with a financial advisor.

They are dry, but it’s important to know what’s covered and what might not be.

I had a few tenants who were excessively demanding as in something broke they called I sent a guy out the next day they call and say something else broke.

That’s kind of what we are doing now, we did Air-bnb through the summer with our spare bedroom, and we’ve got a roommate for the winter since the tourism in COS kind of dries up.

That being said, we do have a state law that requires utilities to bank excess power for those that generate it through a credit system.

Why should they do the work and leave excess meat on the bone?

However in my position I was required to get insurance far in excess of my costs to acquire the property so I opted for the lowest percentage.