In December, Housing Secretary Shaun Donovan declared “the worst rental affordability crisis that this country has ever known.”

Make sure both you and he have an understanding on what will happen should the worst case scenario happens.

If you disclose the worst aspects and most expensive repairs and you only get 3 calls out of 100 on your buyers list then 9 times out of 10 you have 3 serious buyers and those are the ones that count.Buyers always have worries and the worries come in the form of evaluating risks so advising of potential rode blocks early on is good for business here are a few of the major details you want to provide.Accurrate repair cost- walk around the property and jot down what needs to be done, windows, trim, paint, doors, kitchen, counters, bathrooms, shower doors, toilets, sheetrock, demolition, roof repairs etc.. just write it down and provide a repair estimate with a list of what needs to be done. a tenured investor can look at the list and instintly tell were you numbers are. if you say new roof needed estimate $2,000 they they will think your off.Structural Damage- is the roof sound, is the foundation settle, cracked, or shifted,WDO- is there termite damage in the property?

I WANTED TO GENERATE SOME PASSIVE INCOME,SO I FOUND OUT THAT THIS COMPANY OFFERED TURNKEY PROPERTIES,BUT THAT WASNT THE CASE,I WAS SOLD A EMPTY PROPERTY THAT I HAD TO PUT WORK IN,AND TO MAKE MATTERS WORST,WILL HOLLY REFERRED ME TO THIS GUY WAYNE BESSANT FROM NEW BEGINNING REAL ESTATE WHO HAS A CRIMINAL RECORD OF MONEY LAUNDERING AND A PHONY CONSTRUCTION BUSINESS.THIS GUY TOOK MY MONEY AND DID NOT WORK ON MY PROPERTY,I BOUGHT THE HOUSE IN FEB 2016 AND ITS NOW DEC 2016,AND I STILL HAVE THIS UNFINISHED VACANT PROPERTY NO WITH NO TENANTS.WILL HOLLY LURES PEOPLE IN BY SAYING HE HAS TURNKEY PROPERTIES WHEN IN REALITY,THERE ARE NONE!

Since the duplex was built in 2006, I'm hoping that 20% is a worst case scenario for Maintenance+Capex.

Better to lose on a small amount than a 100k flip.The worst thing that could happen to a gambler the first time they ever played is to win big.

Worst case she should be able to cash flow the renovations over a three year period.MOST IMPORTANTLY she still doesn't have any type of mortgage or loan on the property.

Some of the worst tenants have been able to turn their life around.

They wanted letters of explanation for payroll direct deposits from my job, for the IRS deposit for my tax return, and for other little things that were self explanatory.The worst was when I removed $10,000 from a brokerage account and transferred to my savings account, they wanted an explanation of where the $10,000 came from, even though I sent them a fully detailed copy of both statements and it was extremely obvious.

But I would have to say the worst thing I have seen infesting my units is a BAD TENANT!