On your first investment property did you chose a turn key or fix and flip?

Are you investing for cash flow or fix and flip?

On your first investment property did you chose a turn key or fix and flip?

I’d do the the basics yourself if you can but beyond that typically AC units are simple to fix and not super expensive

Update:  I called sears and they took so long that i just fixed it myself. 

So with other expenses like property mngt 6-8% ( i shop around, and this what the average people would charge), and cap-ex around 10% (im guessing), and fixing etc another 10%. 

And if you can't afford to make it a gift, then you should find other ways to assist.IF I were to ever make an exception to this rule it would be 100% conditional - learning about money management, meeting with me weekly to review your budget, etc.Simply handing money over to someone who does not manage money well is not fixing the problem.

Fix it up, get the lien removed.

Unfortunately, the friend did not fix the A/C properly, but he was able to invalidate the warranty from the original installer.Also, while I haven't experienced this myself, I have read cases where judges have claimed that tenants have equitable interest in a property that they updated.

I have experience gutting my first home and have practically fixed everything all the way to the studs.