I've bought supplies/materials.Or could I draw up some agreement to continue on and treat the property as my own instead of stopping to get this all worked out?

Hello John,Reading your story it is I am reading mine.I have also moved from NY to heaven on earth - SD.

We moved to Ohio from KC and have been buying quite a few properties here.I also love that Ohio still possesses a stigma about it due to a "declining population" and "high unemployment".Global warming is also happening but I don't see the earth catching on fire anytime soon lolGives us more time to buy up as much as we can before everyone else wakes up and smells the roses :)Thanks for reading and have a great day.

Dusty, why on earth is your agent telling you this?

I will take a solidly built brick 60-70es in lieu :)Supply or drain side?

House flipping is what I think I was put on this earth to do!

Otherwise, I've relied on my PM, who is excellent, to send me annual inspection reports with photos, and from time to time, I google earth the house, although I know those photos can be out of date.

Either to get a quick cup of coffee or pick up supplies.

Nolo Press, Realtors, other investors and usually even your local office supply store.

Gross Annual Income $28,800 Vacancy Loss 10% $2880 Adjusted Gross Income $25,920 Property Mgmt: $1944 (7.5%) Maintenance/Supplies $2592 (estimate based on 10% adjusted gross income) Water/Utilities $0 (tenants pay all utilities including water/sewer/trash) Annual Mortgage $12,036 (includes insurance, taxes, and PMI in payment) Estimated Total Annual Expenses $19,217 (mortgage/taxes/insurance/PMI, vacancy loss, maintenance, property management) Estimated Annual Income $6708 Estimated Cap Rate 12.33%