Joel is very correct in suggesting you remove all of the old hive to prevent them from coming back on a annual basis.

Maintenance problems that crop up.Does that help any?

Knock off all the expenses you will have while holding the property: Taxes, maintenance, vacancy, management/overhead, & insurance: 40% is adequate.

I was wondering if there is a rule of thumb when it comes to deferred maintenance and how it affects the market value of the property?

., to use our pool all summer without signing appropriate waivers and paying the guest fees involved to help alleviate the cost of maintenance and lifeguard fees just by handing a photo of yourself to the lifeguard early in the season.

The cash flow looks great but the management cost, vacancy and maintenance will be high.

Management fees, rents and rent levels, marketability by area, # of beds/baths/units and maintenance are known estimates.

I imagine that downtown Chicago is like any other city with its workable areas and its war zones. in many areas just a few blocks can mean a big difference in maintenance and vacancy both can cause losses.

I just want to make it applicable to my properties.For example I have added that maintenance of vehicles cannot be done on the driveway, and no holes in the wall for pictures.

Jeff Price Long term tenants are profitable. they generally take care of your property, don't require excessive maintenance, and eliminate vacancy.