You may be able to repair some of this eventually, but again, initially plan for the worst. 4)Tile and other non porous surfaces can be cleaned and sealed.

We of course do this because a) you'll be doing rehab so the place will be unoccupied for at least a month after purchase and you'll still have to pay expenses (including utilities initially until a tenant assumes those accounts) and b) once a tenant moves out, it is rare for the place to remain to move-in condition AND you to have immediate replacement tenants ready to move in the next day.

I bet he won't take the money.

I came across one investor who said she always asks for closing help on her offers to decrease the initial out of pockets expenses.

I bet any of us here in BP can run circles around these guys with the knowledge we possess.

What is a good "out clause" to use in a lease option when you are the initial leasee, but do not want to scare the seller with a clause that the end tenant could abuse?

It was lower than the asking and the sellers initially were disappointed but when they saw their friends sitting for months and eventually a year they were real happy they took my advice.The fact is it costs money to sit on a property and it cost you buyers if you price it wrong...If you price it to low you will get multiple offers so in my opinion set the tone and price it aggressive and move on to the next deal.

They pay the utilities (For water I am always on top of it, i ask receipts quarterly), heat and electric also belongs to tenant. (5) My section 8 tenants are very long term tenants, so I am trying to remember how it was initially ???

I am intensely fascinated by the market and the fact that this investment provides tangible and human links that are unique to this field (which I'll bet for many has had both positive and negative implications!).

In both cases I would have a professional company manage the property.Does that seem like a safe bet ?