These are normally setup for short term financing solutions so you can move fast to purchase, refinance into long term loans, then use your cash to buy some more or invest into rehabs...

Hi @Johnson Liv, The long-term solution would be to have language in your lease that protect you from a) prohibiting people who are not on the lease from living there, or b) limiting how many people per bedroom are allowed. 

I have an investor (my father) and with me living on the premises I will be able to closely monitor the property.

Unfortunately this and low rates have created a real affordability crises and debt that is the stickiest type of debt (besides student loans)New government solution of the day incentive for selling your house 😆😆 They subsidize credit.

This dynamic is causing a shrinking supply of the most affordable housing solution in America, at a time when the demand for affordability has never been higher.

If it's there, painters have primers they can use to (try to) cover the smell (the primers I know of have a heavy solvent smell for X hours and are not for pet or human occupied dwellings).You could offer two solutions (recommend air fresheners be used if they stay, AND (before move in) offer to let them out of the lease).

Again I thank you for your feedback but anyways... the solution for wanting management fees to be lower is to either 1) question and find out what services and quality you're getting that will justify them or 2) try to find another PM that already has the price point set at what you're looking for.

It is a difficult question, and I agree there is no trick or simple solution to get students renewing.

My gut tells me to pass because he's likely to get difficult when his ego steps in, but I like the challenge of this.Hoping someone can suggest a win-win solution when it's a distressed (& difficult) seller who you've known for over 10 years.

Not the same expected solution though.