Do I need to tell them to stop all utility accounts like electricity, water, garbage...etc.

But that's all water under the bridge at this point. 

.$3300 water and sewer...$3-400 for snow removal....$1200 repairs/maintenance....other utilities paid by tenants...all seperate meters.

These markets are on fire and at all time highs but headwinds look extremely bleak and reminiscent of the cold winter from 2008.  

Recently I did a job in the Pearland area I manage to have a conversation with a customer and he is interested to sell his house, is a two story house have 3 bedroom, and 2 baths doesn't look in good condition, but I think this is a flip house, also the customer just had it install a Furnace and a new water heater. the customer happily provide me with his phone number and his address.

I forgot to mention I just bought a 3/2 on the water for 540 buy60 rehab Just appraised for 825 before it’s finishedThis was hard money I borrowed so I’m currently borrowing this money from Pnc.

Property Information:Purchase Price: $390,000.00Estimated Repair Costs: $6,500.00Down Payment: $39,000.00Amortized Over: 30 yearsLoan Interest Rate: 3.200%Monthly P&I: $1,517.96Income:Estimated monthly income  $5,200.00Monthly Expenses:electricity $300.00 water & sewer $70.00hoa fees $65.00pool $95.00Vacancy $520.00Maintenance $260.00Cap.

Water can seep under the wall and still flow, water goes where it wants to.

Hi Jesse,Maybe Co-GP with someone who has successfully Value-added with re-habs on apartments of this size.Because based on this question, I'd say your chance of coming in on budget and on time is very low (especially with Covid shortages).Using an architect to help with color, landscaping, office design and decor, etc...might be worth it.This is a big project and in addition to handling the actual rehabs, you have to be concerned with your renters inconveniences, 7am chainsaws, water and electric shut offs, downed laundry faculties, pounding and buzz saws whirring all day long.You have to have a plan to appease their anger over this--or they will move out (when they would have stayed), increasing your turnover and decreasing your estimated cash flow.Having a management company that is familiar with re-habs might also be a help--some may also handle the re-hab for you for a (% fee).Good Luck!

I see properties on the internet that I'm interested in and just have cold feet about even going to look at them.