The lot is flat and level, so we only need a short gravel driveway.

(Or more likely that balance plus every late fee, penalty, escrow shortages, and anything else the lender can declare owed.)

With this, along with shifting the utilities to the tenants and reducing the management fee to generate an NOI of around $103k, I'd estimate the value around $1.8M to $2.0M

Understand the fees involved and calculate the total cost for an entire year of management so you can compare the different managers.

Owner ended up settling with the tenant, but then we had to threaten to sue our own client to get them to pay our legal fees.- Owner must sign a Hold Harmless to indemnify us against any potential tenant lawsuits relating to the work their contractor is doing.--- Another lawsuit resulted from owner's contractor taking down basement handrail to get supplies down the steps, then they didn't put it back and tenant fell down the stairs.- We also negotiate a reasonable completion date, depending on the Scope Of Work (SOW). --- Who gets all the phone calls and wastes time calming a tenant down because the owner's contractor doesn't show up as scheduled after they took time off from work or a 3 day job takes 3 weeks?

There are sometimes fees associated as well but they seem minimal and scale well since one line of credit can purchase multiple assets.Interested if anyone else is using this lending strategy and what your experiences/recommendations are.

One of the side benefits is that I can avoid the whole draw/inspection process (not overall inspection, just the ones tied to the draws) and don't have to worry about draw fees.

I know many people have lawyered up, and they’ve gotten nothing of value back in return for their legal fees.

I would also give her x amount of days to move but let her know you will have to charge a prorated fee per day after that to move for occupying both units. 

You must have the Business tax license & pay all the fees required.