However, a few are pulling their hair looking for a way to get out from dealing with it.

Ryan Halverson - the assessor's value is not necessarily "old"; they will increase for any improvements where a permit was pulled and that improvement changed their valuation.

The other thing I've done on a house in which I rented out the three bedrooms separately is get the average monthly utility cost, and then say the place rents for X, and they are responsible to pay utilities at a flat fee of Y per month.I can see how the shutoffs would be a pain though.I'm also trying to get a rough idea of the cost involved in converting something like this versus the rents I'd pull from the end product, since I've not dealt with anything like this before.

If you have a strong equity position, you may want to put the home into a HELOC, pull the equity out by taking the full line of credit and then down the road, transfer the HELOC into a conventional mortgage.

I pull a few months of rent listings from Craigslist and use excel to slice and dice data to get Average and Median Rates.

My contractor wants to pull the drywall to take care of the mold.

We've only had to turn one of them into a rental (the first one), and in retrospect, we pulled the trigger on that WAY too soon...had we left it on the market for a few more weeks, we would have gotten it under contract (most likely).Having the possibility of a cash flowing rental as your backup plan is a great idea...will definitely help you sleep better at night.That said, if I ever have a flip gone bad, I'd likely sell at a loss before turning it into a rental.

They have to be someone that can pull the trigger on both.So can anybody throw out some numbers of the most expensive foundation estimate they've ever heard of or seen?

I am actually known for my 2 minute pitch, where, when they call, I am pulling up to a meeting, and I just grab the basic info I need.

Just a note, I am going to use natural, light, earth tone colors.Thanks BP!