Foundation and utilities are there, zoning would be cool with that, and if I were to build that and sell it or refi it, and keep it as a commercial/residential rental it would be much more profitable.

Established by law; statutory: the legal owner. 3.

These are things that you will encounter as you bring the home back to life by turning on the utilities and should pad your expenses for them.

One way brokers establish relationships is by doing Broker Price Opinions (BPO) for the companies.

My lease says that the tenant must keep the utilities connected at all times.

Consider all your buying closing costs, holding costs (utilities, insurance, property maintenance, taxes), and the selling costs.

I want to re-establish my rehab business here in NC and I'm hoping to make some local contacts as well as learn from and contribute to this community.

But, if total returns are 17% and the investor needs 15%, then your cut by default is 2% and you have your equity split (15:2)Keep in mind that if you're providing property management and listing services, that you should list those services on your financial forecasts at market value -- if that's money coming to you, then it's part of your personal return on the investment.You may wish to establish an LLC where you are a GENERAL partner and the investor is a LIMITED partner - you would retain all voting rights except for special circumstances like when to sell, or to dissolve the company.

In MOST states, if you, Mr Buyer, sit down with Mr Sellers listing agent and write up a a purchase offer, you will be presented with a checkbox and list of options that will establish whether there is in fact a "dual agency" in play, or if you are representing yourself as a "customer" of the agent.

The utilities are not split (so they are currently included in the rent), but once a tenant moves out we plan to split them and make the tenants pay them.We plan to offer $25,000 and assume we can negotiate to $28,000.Using Mike's 50% operating expenses, that leaves $500 for NOI.