You generally want to get active, sold and under contract comp info on any property.

Assign "points" to each activity you implement in your plan.

It may be too later to set that up now.The lender should also actively monitor tax payments.

For investors (or investment companies) that outsource their property management (PM) functions and are also active in purchasing and selling real estate, I'm thinking one option is for the investor to purchase, either entirely or a percentage (e.g. 50%), a brokerage company.

You should have more activity than you've had.

There a lot of ways to make money some are more active and some are more passive.

This is the area of the business that I have focused on for years and still actively do every week.

I would want to tie up the whole complex to have control for the look and feel of it.What are the other types of properties around these and what has the recent crime activity been with violent versus non-violent crimes.If most units have been remodeled WHY haven't they been able to turn it around??

Ebere,I must distinctly disagree with you as IRS rules and regulations state that all expenses in preparing the property for rental activity(defined as listing for rent or actually renting which ever comes first) are added to basis.He inherited the tenants when he filed for the deed of a home in which as he stated the intent was to flip.

I find it amazing that not a single active member of BP seems to have gone through RDPD and is a proponent of it (or perhaps I just missed their posts?)...