Since minority interests are generally protected from creditors, it's a good tool for estate planning. 8.

Hi folks, I'm securing a vacant property for the winter, this will be my first time winterizing a property.

It is a HUGE OLD brick, solid structure 6 bdrm, no bathrm.It needs septic system and added indoor bathroom; roofing: chimney repair; rewiring; and an updated heating system. prestine location with like 100 ac. hardwood forest and 40 ac fields probably. it as an apple orchard, lots of maple trees for syrup. sunset, sunset view and southern exposure.actually i want it to turn into an organic homestead farm and run a buy local store/ and vending out space. aventually add some cabin rentals.

Gross income = $11,466 (assuming 9% vacancy loss) annualEst initial Expenses: $15K totalProperty requires the following est 'rent ready' improvements: New carpet in 1 room, new back doorwall, main floor bathroom updates, new fixtures, paint, etc..No central AC; I calculate based on comps I could get $100/mo. more with AC.. est $3-5KAdditional initial expense risks: Water seems to be leaking through cinder block foundation in 1 spot... no idea how much this would cost to repair/mitigate.Furnace looks very old; city winterization report shows it was functional, however no clue how much life is left...Recurring expenses:Taxes/Insurance- $4,450 annual // $379/monthVariable cost PM (10%), with 9% vacancy loss-  $96/moI assume $500 annual expense/repairs plus $100/mo in reservesI assume $300 annual advertising/admin expensesTotal annual recurring expenses = $6,592NOI = $4,874In order to net $200/mo cashflow with PM (my own arbitrary target for my market) and yield >9% cash ROI, I need to purchase this property for $45K, assuming a 30yr, 20% down mortgage.This property would yield (with PM): $215/mo cashflow, 9.75% Cash ROI, 11.79% Total ROIThis property would yield (without PM): $310/mo cashflow, 14% Cash ROI, 16% Total ROIFinal rent/price ratio would be 2.3%thoughts ?

Something like "sell before winter" should do the trick. 

Houses look ugly during the winter, as everything is dead and barren.

With all the freeze and thaw cycles from our harsh Midwest winters the clay pipe has broken apart and collapsed.  

Tough to assess but if you looked at it as a mobile home park with 24 pads dependent upon both a septic & well water you will appreciate the issues you may face &/or be surprised by.We looked at a MHP some time ago & the well water supply during the summer was an issue as was pump station maintenance etc during the winters, then you have the ongoing water quality inspections. 

We just moved into the HUD foreclosure that had been winterized.The home inspector did the inspection before the winterization and the whirlpool tub worked, now it is not working Any ideas on how to get it working again or do we need someone to come out and look at it? 

Here are some things that have come up in my rehab that were unforeseen in the many walk throughs with our 203k consultant, 5 GC's and me:Plumbing system had been frozen EVEN THOUGH the property was winterized.