It is important for landlords to stay informed about market conditions and to be prepared to adjust their rental rates as needed in order to attract and retain tenants.

Then time for judge to say something filed wrong...Vince Oddo or Rob Werner are good attorneys in Bako for this but they may ask a $5000 retainer and then hourly fees.

Also, as we were clearing out the finished basement, using ”finished” loosely, the wall coverings hid a structural crack around the entire foundation.

If I start having to dig into walls and the sub - floor I will almost automatically put an extra 5-10% in rehab costs for unexpected items since that is when you will typically find something that would be better addressed now rather than later. 

The house had the front door kicked in, furnace was stolen and wiring was stripped out of the walls. 

@Jaron Walling Thank you so much for taking the time to reply to my post! 

Over the time living at the property we renovated the garage walls and added a sub panel, finished the basement adding a full bathroom, painted the cabinets, added more hardwood flooring to the house (kitchen and 2nd floor), replaced the appliances and fresh paint everywhere.

Hey,I am currently under contract on a commercial space w/ over 9,000 SQ.FT - high-quality block & brick construction, stage three electric, new rubber roof, etc.I believe it was most recently used as a retail store judging by a old walk-up counter in the front of the building... the building requires slight work w/ an estimation of $25K on the extreme end.The building is split in half w/ a stick framed wall causing a split of about (43 X 60) on the side closer to the street w/ a (10 X 10) office space that has a bathroom, as well as an additional (5 X 6) bathroom accessible from the entire front portion of the building.The back half of the building measures (30 X 70) w/ an additional framed wall in the back for an additional (10 X 70) storage space... the back half of the building has a second story walkout & walk-down access to the basement.Additionally, there is a basement sized (43X41) w/ an exterior walkout.I intend on putting this building out in phases....- The first being converting the (10 X 70) space into seven (10 X 10) storage spaces aimed for paper storage for professional offices such as title companies, real estate brokerages, etc... the income from this will cover the seller financing note I have on the property.- After that, it's to the front of the building... there's a few general renovation tasks that I won't bore you with but I will be putting a garage door in the front of the building to make this space indoor car storage for at least fifteen cars... this portion of the building isn't over the basement but I'll wait until a structural engineer gives me the okay before I start this project.- I'll also be putting a front door on that (10 X 10) space when we're adding the garage door to have the option to rent it out but I'm most likely going to keep the space for myself.- Once complete w/ the front of the building I'm likely going to mirror the storage setup onto the other side of the building in the back partition...

If you have a 2-4 door property you really don't have scale and but you still have the hassles of tenants sharing walls.

Burnt out lightbulb, toilet flapper not seating, worn agitator dogs, bad ballast in fluorescent lights, faulty circuit breaker, leaking wax ring in commode, loose p-trap cap connecters under sink, modem has reset to factory default, thermocouple needs replaced on hot water tank, filters need replaced for central heat/air, ceiling fan needs balanced, lint trap on dryer is torn, source input needs reprogrammed on HDTV remove, headboards too close to wall and making impact damage.