That is, the lessee pays ALL expenses (water, irrigation labor, minor maintenance and repair of irrigation systems, picking, hauling, pruning, pest control, weed control, fertilization, etc, etc) and any profit is split 50%-50%.  

We had one cat written into the lease and i showed up to do repairs and there were 3 cats and a pitbull.   

You can go after multifamily buildings that are at 50%.Buy with cash and turn around and hold long term for cash flow.You can refi the equity out tax free to pursue more properties.When 50% occupied you can turn around some rentals with cash coming in.Multifamily short sales are good because generally by the time a bank takes REO it is vacant or near vacant and too much damage has occurred.For example buying a property of 100 units that is 50% occupied and paying say 10,000 a door for 600 in rent and needing 3,000 a door in repairs is better sometimes than buying a completely vacant property for 4,500 a door but needing 12,000 a door in repairs with no income coming in.With your 5 unit built in 1925 how much land is that??

Check to see if there is a water stain on the attic side of the ceiling before doing any repair work.

He has about $4.7k in property taxes, and he'll borrow money from a friend to pay the oldest tax to keep the property, but would just rather sell by the end of the month.comps are 60k range Avg rent for area is $800 on rent-o-metertaxes at 4.7k (included in price)not sure what to estimate for repairs, but it could use paint, carpet cleaning, new toilet, and new lighting in partial finished basement.Asking $38,000 oboWhat do you think?

I usually figure a selling price for a potential property based on non-reo/non-short sale vacant closings in the last 6 months then back out commissions, carry costs and repairs... resulting in a maximum purchase price.

I am assuming the agent already did the research on the house to know what it would resell for, how much repair costs should be, and how much it would rent for.

I am trying to correctly price all the costs of material and labor on my repair estimate sheet, and I just happened to stumble across a website called homewyse.com I am pretty sure the pricing is geared towards a traditional homeowner, but I am just trying to find out whether someone has used this website before and found the pricing to be accurate.

Repair costs will be $25k, resell will be $120k.

The house is paid off, however it is in desperate need of some repairs and maintenance.