One must maintain it with appropriate paperwork to uphold the veil!

This seems like the appropriate time to thank this community and the people who make it so great. 

Be diligent in appropriating money each month for maintenance and be sure to utilize a written lease with clear terms.

The make-ready will take most of a day to complete and I'm planning to that the day after we close.So, knowing all that, at what point do you think it'd be appropriate to ask the seller if he's OK with us advertising the rentals and tentatively scheduling showings for June 1?  

Hello All,We are getting our first house underway and I am looking for some feedback regarding appraisals. To explain the situation; we are hoping to develop neglected communities by lining up buyers for our homes, fi...

Anyways is it appropriate to ask the appraiser his opinion of 200k - Out agent also gave us comps of houses that were sold in that area that sold from 185k-200But most had sold for less.Any help or suggestions please :)

First things first,get a contractor to go with you and map out line by line everything that is wrong and the appropriate cost of repairs.Second,figure out the After Repair Value of the property by using local experienced real estate agents who sell these properties.Third is to take that information to whatever source of financing you are considering getting a loan from and showing them your discovery to get an idea of what they will give you for how much money upfront.Once you're satisfied you can still make a good cash flow after all is said and done and the apts are all rented out,make the offer to the seller showing him all the things you found wrong and need to do to get the place repaired and rented in the least amount of time.Again,I would seriously find a partner who can help you do all this because it will be overwhelming to an amateur who has never tried this before.Good luck to you.

I also praise BP as the forums and webinars gave us the appropriate information to make our decision.

@Nik Krohn  D properties out of state are NOT an appropriate investment for an out of area investor.

Due props to @Brandon Turner for his appropriately named Brrr strategy!