You should probably disclose this during the first stages of discussions.Better you bring it up and be forthcoming with it than have the buyer bring it up and have your face turn red.

Finally, Jon is right. 6 pts. sounds excessive.

I can see why Palin was elected Rich, but she was elected as Governor, was investigated for her actions and instead of clearing her name decided to quit the job and head for the national stage writing abook and racking in millions.

For instance, there are some areas in NY where the rent is in excess of $1,000, but it doesn't mean it is in a desirable part of town.Peter-How do you suggest passing those costs on to tenants?

Of course, I'll still have a real inspection contingency in place if I move toward an offer.So, I'm reworking some numbers to see if it is more doable...potentially as a rent for a year or two at minimal profit or break even, then flip which could reasonably net in excess of $40k.

lol and wow.... well paying $200 to wheeze and feel like crap everyday was excessive.

Is excessive, visible tattooing on a prospective tenant a legitimate reason to turn him down?

The 50% number includes taxes, insurance, vacancy, capital items, maintenance, property management, evictions, tenant damage in excess of security deposits, snow removal, pest control, CPA fees, legal fees, etc., etc., etc.It does not include principle or interest payments.On any particular property in any particular year, the 50% number could be wildly wrong.

Maybe in the long run, but not any time soon because we still have a lot of excess capacity in the economy and that's not going to change as long as the bubble has not fully burst.I agree with you that we will see entitlment changes.

What do you mean Bill....Stage your leases?