That would discourage someone from improving the 3 and 4 unit housing stock in a community.

But if it were practical to do so, I would think 90 percent of homeowners out there would already be doing it, investors or not.I know there are lots of pros here that can answere on the finer points.Good luck and congrats on your career achievements!

Jeff, Charging them for the carpet cleaning, paint, etc is common practice and taken out of their deposit if your lease is written correctly.

Now that will make a significant improvement in your standard of living especially if you intend on keeping the property for a while.Now, I haven’t made a decision as to what type of REI I want to do simply because I have no experience.

A 2nd drawback is the fact that you are often limited with making any improvements.

Is it common practice to submit offers in the property address LLC.

This practice appeared common.

Now, you may be able to improve the property in some way and raise the value.

I had been working with the seller on the price and was able to get $5000 of the asking price, had the house appraised, talked to the property manager on how to improve the property, talked to Lowe's about screen doors, and made numerous trips to the house.

In the Madison, WI area, I think we've past the bottom and we'll see some improvement in pricing and sales this year. :) More on my thoughts here: http://wp.me/p1dbYY-7V