My goal is to be as professional, efficient, helpful and reputable as possible when it comes to wholesaling.

we're working on more deals in Detroit and would love to link up with some professionals in the market! 

Hello my BP fam, I have a (SFR) property that I bought in 2012 for 130k. My mortgage payment is $700 a month. I rent the property for 1500 so I have a cash flow of about 800 a month. However,  the property is currentl...

When you renew the lease, you can be frank and say it in the lease the improvement needs to be approved by the landlord and conducted by professionals, the tenant will be responsible for the cost, etc. 

If the work is done after the tenants are placed, it is already in service so you would begin depreciating it immediately.Without looking at the the costs of replacing the siding with vinyl (and other costs relating to the property), I am going to make the assumption that the work does not qualify for any of the safe harbors under the repair regulations and thus would have to be capitalized. 

Included should be professional photos, marketing on all avenues, showing the property, they have an application, they present applicants to you for approval, they generate the lease, collect funds, and provide keys to the new tenant.For turnover, I recommend have the realtor visit the property and create a condition report, which reports to you just that, but you want to know what needs to be done to the property to get up to rentable condition again. 

Second, consider joining a local real estate investment club in your area to network with other real estate investors and professionals locally.

The blogs, podcasts, articles, and forum are excellent resources for you to learn and perfect whatever niche you are pursuing in real estate investing.Also, I would consider joining a real estate investment club in your area and network with other real estate investors and professionals in your area (appraisers, contractors, lenders, title rep, escrow agents, etc.).

If you don't get a personal recommendation, you may want to try the Find-an-Advisor tool from NAPFA.NAPFA is a professional association for fee-only advisors.

If you need referrals for local professionals, let me know.