We itemize under each category with specifics, here is an example from one of our move-outs:CREDITAmount held as Security Deposit: $800DEBIT Less Deductions for Missing Items: $3010 year lithium battery from smoke detector ($10)Seat cushion from kitchen bench ($20)Less Deductions for Damages: $170Patio – stain ($20)     Living Room – one broken window pane ($50)     Living Room – five inch spot on carpet from black sharpie pen ($50)     Living Room – one broken wand on blinds ($5)      Front Bedroom – one bent curtain rod ($5)Back Bedroom - door handle bent ($10)     Kitchen - cabinet drawer wood broken ($30)Less for Extra Cleaning $110Stove Top ($25)     Range Hood ($20)     Kitchen Sink ($20)     Ceiling Fan ($15)     Walls – extra cleaning of grime & pen marks ($10)     Floor Vents - debris in ducts ($10)     Outside Debris ($10)Less for Unpaid Utilities $12     Electric (changed by tenant too early, $12 for Nov 20 to Nov 30)[Credits $800 Less Debits $322 = $468]Total Due from Landlord to Tenant (Check Enclosed) $468

Be sure to take note of any repairs or replacements that you think will be coming up and get some quotes - not saying it is a bad deal - just that you have such a thin margin, that there is very little room for error - so just be sure you know going into it - what you might be facing over the next couple of years. 

This deal isn't a grand slam, we're just getting on base.  

My name is Kellen and I'm a Data Scientist in NYC looking for a multi-family purchase on the Metro North line as I work in close proximity to Grand Central.  

Second level has 2 bedroom/ 1 bath plus plenty space for possible additional room.

If there's a competitive offer situation, I would probably take a grand or two off the purchase price(1% maybe) for someone that's pre-approved with no inspection contingency versus someone with an 8 day period.

The second is a 2 bedroom with dining room that rents for 550.

Your choices are accept that tonight you dine on a Whopper or pay McDonalds and get your Big Mac.Good Luck!

Wondering if anyone has experience doing a virtual office business in purchased commercial space...My investing group needs a new home and I'd like to be able to have a business and building which supports itself and has room to offer to lease to them or some other arrangement.I'm thinking virtual office space might be a good business to do that in.

I could put 20% down but will leave little to no room for improvements/work that needs to be done.My questions is, can I put 5% down  on a fannie loan, use my remaining cash to upgrade/rehab the property and refinance in 1-2 years for an increased value, ideally 20% higher and then eliminate PMI based on the new higher assessed value?