These assets normally are in need of a capital improvement campaign and/or a serious management turnaround.

It worked out ok for us.I did some landscaping which I liked when I lived there, but it was too high maintenance when we moved and I managed it as a landlord.I did some "home improvements" because we were excited about our first house, which in retrospect did not help might have hurt the rentability.One year after we moved to a house, my wife got a job offer out of the area and we moved.

California most commercial agents use AIR leases.  

Maybe then you will be in a more improved financial state. 

Consider a sliding scale, 20% for 2 years, 18% years 3, 4 and 5, this is a "front end load" that makes up for the lower profits in the beginning but as you improve the property and cash flow they can still make more at a lower rate in profit shares. 

I own a house in Penn state and was threatened with a lien on my house if I did not show signs of making immediate improvement but that is in Pittsburgh so I am asking about Philly.

Plumbing and air conditioning issues

Better sound proofing is also something I will be improving during this rehab.  

Hello All,This is just a second try from the initial proof read under the post "Letter to Absentee Owner: Proof Read"Tell me whether it looks better than the last and everything and anything you notice that I SHOULD improve about the message (format or content).

In a recent house, we found:- Lots of ammunition (sold it in bulk for $500 to a gun collector from Facebook)- Baseball cards (sold 4 cards for total of $200 on eBay)- Large Buck knife collection (sold most of them for $600 on eBay, saved a few)- Several thousand comic books (book value probably $1000-3000, though we haven't sold them yet)-  About two dozen books from the 1800s, in very good condition (likely not worth much, but very cool, and there is one book that has a good story to go with it that might help me to meet Neil deGrasse Tyson)-  An air rifle from the 1870s.