Bruce,Good news...I would recommend doing a lease with the option to buy on the home for up to three years, you will get more money for rent and because the tenant/buyer in their mind is buying the home at the end of the term they will take better care of the home and you can ask them to take care of all of the maintenance and repairs which will take you out of the landlord role.Also a home warranty can be purchased form American Home Shield monthly and it can be added to the tenant/buyers payment and they pay the deductible so if the A/C goes out it is covered as well as many other major and minor items in the home.Call me any time.Marv Rousselow

Scotty,I would do a walk through and if there are items the need to be done that would affect getting their deposit or part of their deposit back, you could let them know if they help you with a renter by them showing the home you will give them their entire deposit back.If you have a good relationship with the current tenant you may not have to make that offer, speak to them and see where you are at.How long do you plan on keeping the rental property?

You've left out a number of items.

This of course is within the FHA loan limits of values; it is not as prevalent in the higher end markets, though they too are experiencing some valuation increases.Interest rates being low is only one item, lack of inventory, previous short sale victims now at 3 year mark after short sale, thus qualify for FHA loans again, and many other factors are driving this market and it should continue for a while until the market shows signs to the contrary.

I will keep you guys updated.I am also going to get a quote from the Duct work company and the heater company to replace these items.

So probably there's enough left over out of 10% to cover big CAPEX items that will come up over time like roof, AC condensers, hot water heaters, and so on.

I take and place his handbook in a white binder and place this as well as a copy of their lease (no one can find their lease to know what is in it) and I also add other items to the binder.

We would like this process to cause you as little disturbance as possible, to that end we request that you make the area surrounding xxx accessible to us by removing any items you have stored there until the work is complete.

In addition to redoing the hard wood floors and other items the bannister itself needs to be refinished.

You pay the association fees which is a big cost but most of the big ticket maintenance items should be paid by your association dues.