There is no reason to burn this money.Wood floors ?

Could we find alternative energy sources before the economic falilure?

Sell your stock in all these banks cause they are all going to burn eventually!

Anybody who says there aren't any real estate investments in California simply hasn't expended any considerable energy or time searching.And, yes, California is considered tenant-friendly.

This way the two will work together creating a higher quality finished product and I will have the ability to make the necessary energy efficiency and aesthetic upgrades to the older portions of the structure.

But I don't manage my properties, so I never really feel "Burned out" or "Overwhelmed".So again, it depends on your situation.

Yes I am planning on raising the rents.It is an A location with older buildings.The previous landlord just became burned out and let things go with tenants paying full amounts and not fixing deferred maintenance.Some of the tenants complaints have been repair issues.I told them rent issues and repair issues are completely separate.They are expected to pay rent or will be evicted.Most of the lease are coming due in September.I am not going to give them 1 year long term leases at a reduced rate.So they have to invest in the process.New roofs are going on in the next 1 to 2 weeks along with other improvements.Currently many of the tenants do not have security deposits.They did originally but the old landlord gave them a credit off of back rent owed and they used up most of their deposits so resigned at zero deposit.Some have quoted they want new carpet.I will look into it but want a security deposit from them to do it.So a lot of this is them trying to see what they can get away with which will be nothing.We went out and posted that we are the new owners etc. then a few days later went out again and gave a note and had them sign an acknowledgement form along with the copy of the lease they signed before stating the payment they owed.Slated to go out and pick up payment on the first.When kind of repairs did you promise to make??

The danger I've seen with couples with lots of property is they get burned out and working together they get tired of each other.

The reality of this is it's not surprising.The fact that they cleaned the inside living in it that long is a miracle.Usually people that have lived somewhere 10,15,20 years etc. accumulate a ton of junk.This is why when a bank forecloses and they offer the former owner 2,000 to leave in "broom swept condition" many times they seller will deny the cash for keys.The reason is most likely they are downsizing and the amount of money to rent trash bins and pay a truck to move their extra stuff combined with storage rental fees is a losing proposition.They come out way ahead by simply leaving all the trash there and sell off the rest and taking the leftover essentials to the next place.We would see this all the time on the REO side.If they didn't have much stuff and only lived there a few years cash for keys was more successful.You would need to prove they dumped it there.I would just get it hauled away and move on.If it's a short sale at least in my area the former owners are on the verge of bankruptcy and it's a waste of time and energy to go after them.

Perhaps selling,and thus burning my bridge and safety net, will give me even more motivation to become successful in real estate.