As the economy improves and lending requirements relax a little, these renters are going to want to buy.4.

As the economy improves and lending requirements relax a little, these renters are going to want to buy.

Sounds like you already closed, so for the next time you should have an estoppel certificate completed by each of the existing tenants; with that, you can establish conditions of the premises at move-in (along with lots of other things) - especially important if the seller does not have such records (hobbyist landlords and mom-n-pop landlords don't always use good paperwork and practices).Now, what do you do in your present situation?

Best case: They come, look (or not), find it ok, give you a virtual slap in the face while you play the dummy innocent novice, and they approve it.Worst case: They put you on chains, have you bust up the concrete yourself, and practically have you rip it all out and redo with permit and licensed plumber, plus fines.Or anything in between.

Looked into one of these at our MHP in NC for the selfish reason of hoping to improve our own cell phone reception!

It is a practical endorsement with what is referred to as a "hairy" file.

The improvement cost includes items like WAC and SAC, park dedication, trunk charges, architectural charges, demolition cost, purchase cost, etc,.

For at least the first year, I plan to be an owner-occupant, manage the property and put the proceeds directly back into proactive improvements, such as replacing a 50 year old water heater (not joking).

If you hire a property manager (10% of rent), you're left with 3% of rent for maintenance/repairs/capital improvements/vacancies/legal fees/fines/nonpayment of rent/the list goes on & on.Stay away from condos if you can.

Many of the private investors, equity groups, hedge funds and private money funds do have due diligence fees, since their lending practices for the most part are unregulated.I have in excess of 700 direct lenders I deal with... many have no fees, while others have fees in the $1000-$1500 range.