I would like to connect with any long-time landlords to find out the do's and don't's. i have been rehabbing for the past 12 years and have grown tired of dealing with putting things back together to sell to others for slim profits.

He might just be a tired landlord looking to get out of the business.

The point is to keep "tire kickers" from tying up property, but you're not that. 

I am currently facing some big capex expenses from dry rot in an add on kitchen/bath area and the roof is once again getting tired looking.The numbers: Cleaning and maintenance is 11,676; repairs 7324; supplies 2697; capex 22,073. this house is early 1900's built. 11,676+7324+2697+22073=43,770/20 years = 2188.50 per year or 182.38 per mo.

If I order a set of tires from a tire dealer that he usually doesn't carry in stock, he will likely want money down, how much might depend on his comfort level with my order.

If he says he is just tired of it, that's not a good excuse IMO, what's the real reason, do you know?

Hey Dante,We hear about the deals because the property owner usually lets us know, before the end of the lease or the expiration of our management agreement, that they intend to sell, or we take distressed properties over for owners who are tired of being a landlord, (in general or in a given market), and start considering a sale.We have insight as to the performance of the existing tenant if the property is going be be sold as an occupied rental or the history and character of the neighborhood if it is going be sold as a vacant property.  

Contractors who live in apartment units love to dump trash they would otherwise have to pay a fee for to legally dispose of.Old tires is big also.

Many people are just tired of being landlords, if you can give them a monthly payment but save them a headache you may be their knight in shining armor.

A college kid's dad called and requested a new driveway since the existing one was 'rough' on his son's expensive tires.