Here is a breakdown of the items they saw that needs attention.Needs minor trash removal; needs mownSupport post trim needs replaced; badly deteriorated; upper trim needs scraped and paintedBroken panes on side back needs replacedReplace fixture on front porch; flood lights on backNeeds some minor trash removed and minor work done220 wiring needs secured;not up to code, needs to be placed inside conduit.Install new furnace filterClean and paint register ventsInstall apprx. 4 door stopsFull interior rent ready cleaning required after all work completeReplace as needed to match all light bulbsSteam clean all carpet; sweep and mop vinylReplace missing storm door, paint interior doorPaint all wallsPaint door; interior shows signs of previous leak, but doesn’t appear to be a current problem; paint interiorSeal gaps in side window; paint all; seals appear damaged on double pane windows; may not be an issueReplace screensInstall two smoke detectorsInstall two blindsTouch up, as neededPaint all window sealsSeals appear bad; paintInstall screenVery old and drawers fall out; should be replaced with new; secure handles, if keptHas several large chips; functional sink otherwiseInstall two strainers Install fire extinguisherPaint side exit doorEstimated cost is $4,000. 

I have a teanant that moved out today and according to Florida law I have 15 days to return any unused security deposit.

Friend lives in Wisconsin and his landlord said he does not have to give him any notice.

Think of all the things that could go wrong and see if the lease addresses them: unauthorized pets or tenants, early termination, security deposit, lease violations, late rent, eviction, lawn maintenance, parking, etc.5.

We secured hard money for the pre-approval; however, we'd be interested in comparing terms with other lenders over the next few days.

He pays what you call regular income tax PLUS 15% self-employment tax (Soc Security/Medicare).

Downside was a 6% rate but I'm already looking to re-fi and saving 2% so alls good!  

Of course I decide to read it, because FI, right?

I assume you have a security deposit?

Taking your own money out and buying another property while maintaining equity in the property you cashed out on.I think overall the numbers have to make sense (and they often do) eg. your mortgage was $1000 before but now it’s $1400 after the Re-Fi, but you are still renting it out for more than $1400, and now you have a second propery bringing in cash now as well.I’m following this thread as I am still learning myself!