Fast forward to yesterday (January 8), they tell me that they don't have to pay the increased rent because I never sent the letter via certified mail, (their lawyer friend apparently told them this).  

Has been residing in the unit for five (5) years or more, and is a catastrophically ill tenant, defined as a person who is disabled as defined by Subsection (e)(i)(b) [8.22.360 A.9.e.i.b]]and who suffers from a life threatening illness as certified by his or her primary care physician. f.

It may vary state to state, but here in NM, if there is lead based paint, even your window guys need to be qualified / certified to work with lead based paint, as window replacement generally disrupts paint around the framing.Remember also that during the flip, you may then know material facts about the property that were previously latent- e.g. electrical concerns etc, which you must disclose if not corrected, so definitely fix and sell a great product.Good luck!

If you are really worried about the lack of comps, then you can always hire a certified appraiser to give you a figure and then go from there.

It will be tenant occupied and will be lead certified when they turn it over to us.

@Ari ArcherYou can go to the official Certified Financial PlannersTM website at www.cfp.netThere is a link in the upper right hand corner where you can search for a pro in your are who meets your criteria.Hope this helps,Ed

Seems far more secure than taking cash, checks or even certified funds.It gives a far better record than any of the above if they claim they paid and didn't and the same in reverse if you said they didn't and they did.I am trying to get all new tenants on a depsit system and then convert existing ones so I honestly want to know what down sides I am missing.

@Ralph HernandezTo find a good PM go to IREM.org search for ARM certified property managers.

Go to IREM.org search for ARM certified property managers.

They even have a real estate rewards program where they recommend an agent in the area that is certified by USAA.