And they leave a mess in every room including a fridge full of food.

@Kacie B.I’m thinking of doing a deal like this to start buying farms around the country with investors to build a business enabling and encouraging local sustainable food communities.

Despite the apparent cap rate, managing expenses on tiny deals seems super critical- A roof, HVAC or septic tank problem seems much easier to absorb on a similar sized property in a higher value/rent area.... or am I wrong, and these are still good investments for long term holders?

a house across from me is a being sold, met the old lady living there she is basically blind so I’m guessing they are taking her home or putting her ima home the inside is very very old no new renovation looks like 1950’s-60’s they are selling for 150k very nice neighborhood, park, college land high school right by the house and a bunch of restaurants fast food down the street but if anyone located in Dallas Texas wants to help me wholesale this deal you’d get a great payoff it’s a good house just needs renovations updating!

Remember, a 5 bedroom voucher holder has to have 9-10 people to qualify in most cases. 

Requests.were.ignored.for.almost.two.years.2 months ago, mortgage holder sends paperwork with amortization schedule and loan modifications to homeowner. 

Make sure you are the first lien holder and get a note and mortgage (dead of trust - depends on your state).  

People don’t sue people that qualify for food stamps.

I thought about having the PM putting language in the lease agreement for the tenant to not let food go down the sink , tenant would be responsible for any kitchen sink clogs going forward, and perhaps require use of a sink strainer but given there was glass found during the 2nd repair, I am not sure how careful or compliant the tenant would be anyway.In addition.. let's say there is a clog in the kitchen sink with no GD, plumber takes care of it,  is there any concern about the impact to piping long term should residual food waste be allowed to accumulate in the pipes? 

Also a long term buy/holder in Lehigh valley, PA.