Section 1 items to be cleared and any Section 2 items that may be a health and safety issue are also to be cleared, otherwise property is ineligible for financing.and...10. 1004D: WATER HEATER DOUBLE STRAPPED IN UNIT C/AIR CONDITIONER FASTENED IN WINDOW IN UNTI C OR REMOVE AS WINDOW DOES NOT CLOSE / FLOORING INSTALLED IN BEDROOM IN UNIT C, MOLD REPAIRED IN UNIT D.

There are 2 mortgages totaling $156k and my opinion is that the FMV for this area is under 90k for a 2 bedroom condo.

Any suggestions on what neighborhoods you'd look in and what to expect for rent in a 3 unit, 3 bedroom?

You can rent by bedroom including the utilities cable and internet and get 2-4 times more rent.When looking for a Property Manager go to IREM.org search for ARM certified call and speak to several.For funding go to a local bank and meet with them to discuss strategies.

One of the things I needed him to do was to fix a ceiling in one of the bedrooms.

In MA it can take 6 months or more, costs a fortune, and when the tenant finally has to move, landlord has to pay a moving company (not picked by you but by the sheriff to the tune of $1800 for a 1 bedroom apt move) to move the tenant's stuff to a storage bin that the landlord has to then pay for 6 months.

Many unlined chimneys go through upper levels of houses where bedrooms are located, and just the slightest of cracks in the mortar of a brick chimney allows the CO in the exhaust gas to seep into the living space.

Need at least 5 bedrooms.

They expect taking 6 months for the renovation.his is the owners accouting of what he thought income/expenses would run: projected income 36 2 bedrooms x $550/month = 237600 per year minus 8% loss rent 19008 per year total income 218,592 per year projected expenses taxes: 21988 per year insurance: 10000 per year maintenance/supplies: 12000 per year legal/administrative: 3000 per year salaries: 20000 per year Misc. expenses: 10000 per year Reserves: 36000 per year Utilities: 6500 per year Management Fee: 36000 per year Total expenses: 155488 per year Net operating income: 63104 per year think the projected expenses are way high. 36K for management....i thought closer to 5% was normal for this type of project.

The house is 4 bedroom, 2 baths, however the rooms are small.