It is also a great idea to have the electric and water roll over to your name when the tenant has it turned off. 

If the property is rented, examine the current lease documents, rent roll and rental payment history over the last 12 months.

But in that case my asking price might be .25 on the dollar vs new cabinets, accept offers of .10-.15/etc. the counters just get thrown in, price of the used cabinets would be about the same with or without.So go ahead- price it to sell (@ 10-15% of new, or less), and it's still a roll of dice.

Casey Check out this article published on BP last year on this exact topic - https://www.biggerpockets.com/blog/brrrr-loans-what-are-the-...A couple of more notes:-The 12 month seasoning thing is likely due to the new conventional (Qualifying Mortgages - Agency Fannie/Freddie Rules) that rolled out last April making this the standard rule for conventional loans.

It was worth a roll of the dice. 

Decently in shape unit, rent rolls around $650- Cons: 1/1s usually attract student, singles or couples.

I will PM everyone later tonight to discuss best times for everyone and get this rolling.

We just closed on an all cash purchase via an SMLLC of a SFR at auction (at a healthy discount to market due to distress) that we intend to use as an investment property, and we're looking for guidance on the best strategies for pulling as much equity out of the deal as possible to roll into another property (identified but yet to be purchased).  

It seems like getting the ball rolling is the hardest part.

In essence, after two years I would have turned a $192k down payment into $284k equity (minus agent commissions and closing costs).Net proceeds after selling = $284k - $38k (6% agent commission) - $5k (estimated closing costs) - $7k (cost to hold for 2 years w/ negative cash flow) = $234kAfter selling the property, my plan would be to roll this equity into other investment properties through a 1031 exchange.Questions:Is this a good opportunity?