ARV is one of the most critical aspects of the puzzle to estimate correctly for your investments, with so much on the line why would you chance it?

You may want to consider an addendum to the lease explaining that there will be at least annual inspections and a process allowing the tenants to correct issues.

So far, it seems about right - if I've calculated everything correctly.

My brother our foreman is a mechanical engineering grad and has spent 8 years as a project lead for Phoenix Industrial, managing safety and the correct installation of million dollar projects.Feel free to give us a call. 360-772-6355Thanks!

Joe, that is correct.

If you don't make the repair correctly you might lose your tenant or not be able to get one and cause a delay.I always look to strengthen my financial base.

And that $2,500 may be a cheap investment when considering what could be lost if it's not done correctly..Hammer everything out, then get the experienced lawyer to write it up..

No equity no deal IMO.Get together with a RE Attorney to ask or get the correct paperwork suitable/legal for your area.Find buyers by networking with investors, agents, brokers, lenders, attorneys, craigslist, bandit signs, newspapers, etc, etc...

The only thing that I can think of what hasn't been mentioned by the others is that if I recall correctly when doing a short sale the seller of the property can't be in arms length relationship with the buyer.

I did have some difficulty with closing dates being rushed then postponed and a few errors on closing docs that eventually were corrected.