But the idea is to minimize your risk, because you are investing a lot of money.Originally posted by "wsucougz":and I certainly think that your expense ratio is going to depend on a few variables, i.e. the location, condition, caliber of tenant, and whether or not it's self-managed.Self-management really doesn't make a difference; it just means the money is going to you for those services rather than someone else.

Sorry for the delay ion replying.

I have been delaying going after probates as I felt I was missing a piece of the puzzle.

And in my experience the delayed (larger) increase is more likely to cause a loss of tenant than a smaller one.I used to use the change in the consumer price index as a minimum for my increases, sometimes adjusted up from that if insurance or taxes had taken a big hit.all cash

Since it sounds like this house has been sitting for a long time, I doubt the few weeks delay would matter much.Whether it's a deal or not is going to depend largely upon how motivated she is.

But given my reasons, I wonder if there is a way to minimize that risk.

In some jurisdictions, work without a permit will earn you a notation on title and you will be unable to sell the property until it is cleared.If the property is not zoned for three units you would be looking at the costs and delay of a request for a zoning change.   

This serves the purpose of providing guests a quality night of sleep while minimizing costs.Leave feedback cards asking guests what they liked and didn't.

Also be aware that the tenants can sell their TOPA rights to third party, who can then delay or derail the sale.

I would like to know things like if there is a way to lock it up with minimal money or none.. in order to start the process with the town on approvals for my goal.. as it is with price they are asking i think that the 13 homes may be too little profit for money investors.