Decide what the place is worth to you and offer it.As far as the tenants are concerned, if the place is so horrible why don't they leave?

So far all my properties have been financed and I never realized so many other option existed, although they seem a bit scary to me.I think my biggest concern, and I have seen its a common one, is whether or not to form a LLC. and other asset protection.

Now...this causes issues.

He also provided me with valuable information concerning different exit strategies.

Double digit cash on cash return is an excellent to way to start investing.Last comment is using 2% rule, a purchase price of $35,000 would give you even better results, having said that, it's not very easy to acquire.As far as rental income is concerned, I am not aware of local rentals.

One concern I have is that it has a hot water baseboard heating system compared to forced air.

Forgot to mention, you need to find the source of the moisture that caused the mold in first, and make sure it's fixed.

If they do not know what you're trying to do they will be all over the map and it will cause unnecessary mistakes, delays and possible failure because not everyone was on the same page.Make sure they know what their roles, responsibilities and expectations are on the team.

Is there anything I need to be concerned about with "retaliation" in this situation?

To contrast that I did a open house first part of March and had 12 people.We also have a real estate store in Orange and usually get 1 buyer walk in per day and that went to one in 2 weeks.In my opinion what caused this stall is frustrated buyers tired of competing for properties and sellers who reached too high in pricing their property resulting in a stall.