So you take 20% of the gross which includes all fees like cleaning plus 100% of the cleaning?

Feel free to ask questions and tap into the resources available including the informative BiggerPockets podcast.

I do this every year, caviat is that it must be a single member llc, then you can combine it with your w-2 and deduct losses from your taxable income.

It had 1 source for all utilities so utilities were included.

'Despite attempts to communicate with the tenant since December, including two attempts to arrange key collection on the 29th, I've received no response.

Being so new, I can't really report how it will turn out and won't have much time to read about anything as my first load of homework is enough for 3 weeks - I have until Wednesday (and that includes my travels on Saturday then again continent to continent on Monday).

My vote is always for including natural light as much as possible.

If the deal works then I would execute but I would include remediation costs based on an estimate from a contractor.

that we’ve learned in our 24 years, managing almost 700 doors across the Metro Detroit area, including almost 100 S8 leases.

Together, you can carefully consider the financial aspects by comparing the potential income from renting to the costs of selling, including any repairs needed to make it more marketable.You may qualify for a conventional loan with a down payment as low as 3% to buy a new one.