Kinyada Frazier Usually if it sounds too good to be true then it is.

Certainly unfortunate for those effected though.

If you buy at $60,000, rehab $7,500 (worst case) then your total investment comes out to be $66,500.Rent it out for $850.Then, using the 1% rule, which I find very effective in showing me if I will make a profit comes out to  $850/$66,500 = 1.3%.   

Sounds like a sure thing.Most of us sacrificed for a time to build capital. 

It sounds like this is good thinking.

So please only be in touch if you're a good client :)Frank assisted me with a just cause eviction in Oakland and counseled me very effectively.

(I know this may be a dumb question but I am trying to understand the logic between being responsible for your unit's property taxes but not for the interior maintenance of your unit)- does it sound like the management company is even on the right track?  

I never gave much thought to the Springfield market, but it sounds like I may need to check it out!

It doesn't really answer your liability question directly, but effectively it's the potential liability that the township has with non-owner-occupied work.  

Every good contractor goes bad at some point (sorry to sound grumpy, but they've been extra frustrating lately).