This is because at $350/month, a tenant can easily cause 3-4 months worth of damage, which takes awhile to recover from at $350/month.

I am going to be meeting with a real estate agent to look at some distressed properties and want to know if anyone has tips about how to estimate the cost to repair any damages to the property in order to figure out if the property is worth the investment.

After about 3 years of this, I reread the contract and realized I could charge tenant damages to the tenant and they would have to pay it or risk losing their voucher.

Sure, you have the tree fall and cause damage but not the call from the tenant saying their roof is leaking and then having to get a roofing company out on short notice.

Good Day BP Family,I stumbled upon this information regarding a change (at least to the form) the IRS has made effective Nov 2013 regarding estate assets.

I'm just having a hard time as to whether or not I'm maximizing the effectiveness of my hard work and if I'm applying it in the right places.

As an example, why spend extra money on custom lighting when a lighter color of paint would have the same effect?

Develop a business plan and include licensing advice specific to Utah, specific to rehabs, rentals, and subject to deals, and specific to a new small business owner in my tax bracket.Analyze my strategy and tell me what is cost effective and what is not.Develop deal contracts and helping me see them through.Ideally, I would have 3 or 4 references to attorneys skilled in all areas, but that may not be possible.Thanks for your thoughts.Josiah HalversonSandy, UT(801) [email protected]

What you have effectively done is ruined your returns on the other properties in order to purchase a deadbeat.I understand the point of your original post was not to get into this part of it, but I caution you on your approach to investments.

One guy doesn't get his stuff done on time or under budget and what one does effects the entire project.I've seen money break up families, it can certainly break up friendships much less partnerships.I'd suggest, if you have other irons in the fire that you might consider staying out of the way in rehabs, take care of the business side.