I thought ultimately, in times like this, the global market will be the final determinant on rates, even for the mighty USA.

Make ready IE...final cleanup, touchup paint, window treatments, ETC.9.

We get paid when the paperwork is finalized.

One of the tenants was a real jerk when we did a final walkthrough, and I have witnessed on several occasions that there are two people living in the apartment and 1 small dog, although the lease states an occupancy of 1 with NO dog.I don't want an immediate problem, and would prefer to avoid immediately having to deal with an eviction.

Finally, let me add that soon, I will be a "motivated apartment seller" as we plan to put our 12 unit apartment building (a three story building in OH) up for sale.

I've made offers on several short sales in the past but never actually bought one.I've been told to put language in the contract to the effect of "property will be delivered vacant and all of owner/occupants' or tenants belonging will be removed before closing date".What about the final walkthrough?

The criteria for a flip needs to be based on the difference between the purchase price + rehab + holding + selling expenses and the final selling price, not just the original purchase price you have mentioned in your posts.

I've finally got a confirmation deadline to close on the property -12/11/11.

One problem I am seeing is that there is no way to reconcile the prices in the area with some of the rules of thumb used on BP (i.e. 50% and 2%).I'm very comfortable with the analysis of potential investments, but I will need some help with the expense data.

Not sure this is in the right forum but, I finally finished my remodel after a little over a year, mainly worked on it in my spare time/weekends.http://specialtyceilings.com/wordpress/I bought it for 22k and put 8.5k into it.Hoping to rent it for 750-800.I have some before pictures somewhere, i'll try to find them, but basically new everything except roof.Let me know what you think, this will be my second rental.