@Brian Chase except worse because you have to pay for demo and the seller probably isn't valuing it as a vacant lot if it is at all occupied.Building rentals is tough to make work unless you do it at scale, but if you're confident I won't rain on your parade anymore.

You can get a firm price for the panels and dual meters ( probably time to upgrade to 200 amp also ) But chasing down the circuits could get expensive , and its hard to get an accurate estimate 

Originally posted by @Chase Louderback:These seem like perfectly realistic/good scenarios to me. 

One of my goals this year is to systemize my property management side business.This means I am taking time to create systems and develop procedures to make my life easier and to better my tenants experience.Every Monday (my day off) I sit down for a few hours and either brainstorm ideas, create new SOPs, or take action as needed.One example of this is creating a rent collection process where tenants can now leave their rent in my "rent drop box" which I will pick up every month instead of me chasing down each tenant individually.I look forward to seeing where I'm at by the end of 2019!

@Chela O'Connor @Chase Binnie

It's like hitting 2 birds in one stone, you will have you report for the lender and you have your accounting done for tax or analysis purposes.

Title not recorded 90 days , fc judgement 90 days , fc mortgage 90 days , pending county tax and junior mortgage, I am really interested in this property, is there anything I can chase to lender ( Wells Fargo ?)

I have a Phoenix property where, due to the next door neighbor putting up some kind of bird feeder, we have a flock of pigeons that now circle the area and spend enough time on my roof to crap all over the place.

Im actually in process of forming my LLC now to protect myself in case of anything going wrong, but chase will not give me a loan into a LLC.

@Brendan Chase historicaly 5-6% is cheap money.