Mitchell:If you plan to hold this property for a long time, it sounds like putting on new siding would be a good idea.  

DavidSomething doesn't sound right and I would contact my lender and the title attorney who did the closing on your loan. 

but the answer can varie depend on the price u got it. sound like a lot of cap ex need attention   THE MOISTURE is moore  concerning wath if tenant learn that he as been living around moisture for 6month or wtv.

Oh nice, sounds like you got a good portfolio loan from a local bank?

It may sound nice to pay a 5% management fee but the extra fees can add up to be more than the other company that charges 10% with no add-on fees.

Sounds like we are on the same path.

Qualify for the refinance and cash the buyer outVoila... a zero-down deal (minus the obligatory closing costs) with a happy sellerDoes this sounds about right?

Qualify for the refinance and cash the buyer outVoila... a zero-down deal (minus the obligatory closing costs) with a happy sellerDoes this sounds about right?

Also, this is going to sound rather controversial but I've been formulating this theory for a while but I don't think that the 1% rule applies to the Boston area and here is why:That is a rule of thumb to use in a cash flow environment.

Sounds like you need to take control back as the "he wouldn't sign a new lease" is not a correct statement.