This is not to say that sometimes we (moderators) don't make a mistake and remove something that should have been left standing, but most of the time (obvious spam excepted) you'll get an e-mail describing the 'offense'.

And on that note, for a small duplex that's about 1100 sq ft total, what is the HIGHEST rehab cost that you would assume worst case scenario?

Understand the fees involved and calculate the total cost for an entire year of management so you can compare the different managers.

VERY... that's why hard money totally dominates the lending landscape in fix and flip in our market. or cash.

So essentially, I would be paying 300 in utilities plus 75 (difference between the 900 rent and 825 income from upper unit) for a total of 375/month.I own and manage several SFR's and multi-family properties, but have never gotten involved in a lease option.

Also, @David Carter above is obviously here on BP and an option.

Say you purchased a house for 100k, market value is 110k, say you your total investment is 5k and it generates 5k per year.

Ill need to do medium rehab on 2 x 1/1s and a studio approx 1300 sq ft in total. kitchens/bath/floorings probably some electrical since its an older building.

It's a 4 metal building storage facility with a total of 24 storage units that rent for $600/month each.

Obviously, the lease expires in just over 30 days.We have no idea what to do at this point and are not sure how to go about researching the procedure in short order.