Body shop includes DeVilbiss spray booth/bake booth, paint mixing system, high end air compressor, frame machine, and more.

@Jay Hinrichs we do go into the homes a couple of times a year to change the air filters and check the smoke detectors.

Holding the property is tricky since home ownership is 90% + and there is downward pressure on rents. 

Can accommodate 6 residents and your caregiversLarge master bedroom with private bathroomKitchen with stainless steel appliances, induction stoveRecessed LED lighting throughoutNew RoofNew Garage door and openerNew Copper PlumbingNew water heaterNew air conditioning system on Nest thermostatNew flooringNew texturing and paintNew electrical wiring and all outletsBeautifully landscaped Japanese garden in front and backyardsYour residents, families, and staff will feel at home here!

I recently moved into Lake Alfred FL which is near Winter Haven in Polk County after separation from the Air Force where I worked as a firefighter in Las Vegas Nevada.My current strategy is looking for small multi-family homes, usually off-market to purchase and use for rentals, or for single-family homes to wholesale if the price is right!

An informal rule of thumb I've found is that if two months rent is greater than property tax and insurance combined, the numbers usually work well.A couple random expenses I've had from my two properties since April (after tenant moved in):Central air issue, broken screen on screen door, lack of hot water in shower, clogged drain from toiletLet me know if you have any other questions.

My first question is, how much pressure do you guys typically put on wholesalers to obtain current copies of the lease and provide them to you?

I am still a buyer at the right price but I am also very conservative in my assumptions.There is a lot of inventory in the pipeline in a lot of markets and very little in others where you would expect more so it will be interesting to see how things play out over the next few years.I like to anticipate a correction and rising rates. l underwrite deals from the position of having to reduce rents and lease rates to complete and counting in increases to meet return on equity.We are beholden to interest rates and as we experienced last fall a very small uptick can have quick and severe consequences all across the board.With pressure on CAP rates for almost every asset type and class the commercial and multifamily markets are reminiscent of the housing bubble in 2008-2009.It sure is a fascinating time and it will be very interesting to see how this whole thing unwinds as is inevitably will. 

My first question is, how much pressure do you guys typically put on wholesalers to obtain current copies of the lease and provide them to you?

One tenant looked forward to pressure washing our detached metal garage, and several express joy in chopping firewood salvaged from trees blown down in a storm.