A standard 18-24" overhand won't cut it.

We own 4 SF homes a duplex in Indianapolis IN and have had the same sub-standard property manager since we have owned the properties.

.* Tenants will cause damage to your flip-quality finishes, so you will end up spending more money when ready to re-market.

Backing off the one year cash out refi mark has been standard practice for decades, really sets prudent lending practices.

There is no standard.

There is enough reserves to cover the mortage in the event of several missed rent payments and there is enough cashflow in the property that the account is continually building higher reserves despite the mismatched due dates.You are trying to create problems with your tenants by imposing non-standard due dates in my opinion.

I used to use NTN - they are considered a good quality screening service for getting data to the landlord.

I have standard purchase and sale agreement and assignment contracts but not sure if the wording and clauses apply to PA.

We were thinking about starting with extending the drain pipes further from the house and installing a new sump ($231 for a good quality new pump on Amazon) to see how much that eliminated the water.

brian, you are correct... i paid cash for that house. i had to since it had no plumbing and i could have never gotten a standard mortgage.i was thinking to leverage that house, get a 80k mortgage, obtain a ~$400 payment (at 4%) and use the 80k to get another house cashflowing around $500 so that it can pay for this one.this one, i use one to get another house...