Note the rehab loan numbers, payments and balance, present a complex situation. 

Your lease should state tenant will not do any repairs or renovations and also how much notification you need to give before you enter with or without tenant being present, like 24 hours (if not by phone, then after leaving a note on the door), then just have your manager meet the plumber at the appointment time you set.  

You never know when a deal might present itself.  

It will be fun, exciting and very energizing.You already know not to fall for the up-sale, so leave your credit cards at home.Take copious notes, be open to all the strategies they will present and do some honest soul searching as to what feels like the best fit for your present circumstances, personality and skill set.

I have not done this with a yellow letter, but recently included gnarly photos along with repair estimates as part of a negotiating package when presenting an offer to an absentee (out of state) seller on a multi-family.

It should also show the upside as being far greater ... potentially good enough that you could emerge from university having earned enough revenue and built-up equity in the property to offset the cost of your education.Write up the business case and present it to the bank of Mom & Dad or Grandma & Grandpa.  

On Wednesday night I went to the SLREIA meeting where someone making a presentation talked about a deal where he was going to collect $1,250 in rent and the mortgage payment was "only" $750.

That means they filed a motion for a hearing, had the hearing, presented sufficient evidence at the hearing for a judge to grant their motion and remove the lien (It's a little more complicated than just removing) AFTER the competion of the plan.Otherwise, while there is no personal liability for the liens, the liens survive and if they are not paid, the lender can foreclose.

His program appears legit and he presents as genuine .

The question and the formula presented do not suggest a method for calculating NOI but rather show how a cash flow metric is derived.