If we are going to reposition the property or it requires significant repairs we supply a capex budget broken out into line items.

I also had these items in my offer: *Current tenants vacated at minimum one week *prior* to closing.

The eviction process as you know is just one component to multiple items that balance out the investment.How strong are rent growing, what is the area doing for population and development, what kind of return are you getting for purchase in a quick eviction area, what are tax laws for income in that state, etc.??

I had someone the other day who is an E6 in the military try to get out of paying a deposit and last month so I looked up his name and found out he hasn't paid the apartment he's been living at for 5 months.

The gift letter must:• specify the dollar amount of the gift;• specify the date the funds were transferred;• include the donor’s statement that no repayment is expected; and• indicate the donor’s name, address, telephone number, and relationship to the borrower.When a gift from a relative or domestic partner is being pooled with the borrower’s funds tomake up the required minimum cash down payment, the following items must also be included:• A certification from the donor stating that he or she has lived with the borrower for the past 12months and will continue to do so in the new residence.• Documents that demonstrate a history of borrower and donor shared residency.

I have started writing the number of keys and other items like this on the move in inspection sheet.

Looking at an single story 8-plex building and the numbers work, but there are a few items that bothered me.All eight units (1/1) are currently occupied, tenants are either on month to month leases or no lease at all, but they all pay on time (according to seller).It's an approved short sale, owner is the broker, and is saying tenants are getting a bit impatient with frequent visits from buyers, he wants the buyers to waive the inspection contingency, which I have no problem doing if I can see ALL the units at my own pace and make sure I know what I am up against repair wise.There are a series of buildings in a row and the tenants all seem to know each other.When I went to see the building, the owner/broker told me someone would meet me there, a Maria.

But, I am not holding my breath that I will do anything more than paint, floors and fixtures and repair the deferred maintenance items to start getting tenants in place.

Decks, fencing and landscaping are really the only major items left.

If they moved out then a general rule of thumb is you can remove the items left if they are worth less than $300 once you take possession.