These are not people I chose, they took the initiative to reach out to me asking me to please buy their house.Now, ask me how many of these people here are in foreclosure.

Start doing category 1 items right away, provide notice and do category 2 as soon as you can and finally prepare and get ready to initiate category 3 items based on your ability to handle them. 

The issue is this negative initial cash flow increases the amount invested which will impact ROI forever.I do not do flips, but if I purchased this property I would be flipping it rather than suffering that level of monthly negative cash flow on that cheap a property.Regardless if you rent or sell, add a closet to each bedroom.  

ok, in your initial post you stated you got your money back -but it appears you did not get your money back.

I would probably start with 1 somewhat larger initial increase of maybe $75-100 followed by yearly increased of $50 (around 5%).

While the ordinance went into effect on October 10th, the large response to the Call For Action yielded an initial ‘grace period’ of enforcement until November 9th.Below is the summary of the ordinance.

If an owner does initiate bankruptcy, my PM Agreement terminates.

Then he took the sledge and just bumped the bricks loose, down inside the fireplace.He took the whole fireplace out so there was a hole in the wall (and added a window) and the roof had to be extended over where the chimney went through, and they had to replace the shingles that were super damaged from the initial bricks falling.Permits, I don't know if that required a permit or not in San Antonio.

We have agreed on a buyout price of $100K (initial investment) but he also wants me to pay all closing costs which was quoted $22K - That seems really high so seeing if this is accurate?

Tenants are required to initial next to each paragraph that they've read and understand the rules.