If not, improve them...that is where you start, otherwise, here is a thought to consider:Where are you going to live when you move to FL?

one of his employees told me that a few years later that that was standard practice for them.again, unless buying from HD or lowes, we are getting screwed.

Is it a permit to develop the land, put in the off site improvements (utilities, curb, gutter, sidewalks, etc.).

Know what you're doing, don't make promises you can't keep and practice full disclosure.

There are many that feel condos and townhouses are not great for fix and flips for variety of reasons: higher holding costs (hoa), limitations in improvements due to restrictions from hoa, could make you submit insurance, license, etc.

Craigslist has improved by adding Map View.Map View filters out all the crap and repeat/spam listings and makes CL much more pleasant to use.That said, during my last couple rental listings, I got way more inquiries from Trulia.

It often doesn't seem to be practical to insist that the tenant complete the checklist in my presence at the very moment they move in.

You can get very good deals on these, and vastly improve the look of your place.Depending on budget, I might also recommend a nice window trim and a faux drop ceiling to boot.

Evan, I think you'd find it difficult to cash flow this property.If you use the 50% rule that states expenses (everything except principal and interest) over a period of time will equal half of the market rent per month, you're looking at $1935/2 = $968 as your cash flow after expenses.You could save some money (~8-10%) by managing this yourself, but my hunch is that with that old of a property the upkeep and capital improvements will be higher on this deal than a newer property.

Did that just seem the most practical for your investment situations?