The tenants are responsible for common area maintenance, water and garbage. 

The tenants are responsible for common area maintenance, water and garbage. 

I find that I get a lot of inquiries at the beginning of the month for people that just gave their 30-day notice. 

Is that common to be able to do a 95% LTV cash-out refinance? 

Only issue is if you want to sell while construction is going on it might deter a lot of buyers (and renters)The duplex I sold IF I had decided to keep it I probably would have looked at converting it back to a triplex (its configuration probably from about WW2 through early 2000's)  - I would have needed to basically replace a couple walls,   modernize the heating system,   add a third and maybe 4th common electric meter,  and find somewhere (probably a shed) for a common W/D and locate a 3rd/4th water heater.    

There are 3 ways PMC's charge owners for Maintenance:1) Hourly: most common and is billed for the time servicetech is at the property and getting materials.

Pros- - Outstanding cash flow- Great small community with good school system- Mixed Units, 17- 2 BEDS/ 18-1 BEDS/ 1- Bed- Low vacancy rate- Common area laundryCons- - Extremely old building, 2 buildings total, an old school turns into multifamily living, built in the 1900's- Exterior isn't the nicest looking, it needs a lot of TLC. - Not the best location, the community that its in is about 10,000 people in the state of Illinois about 30 minutes outside of St.

Urgent help needed:1 - Is this a common requirement?

There are numerous ways to structure it, the most common is a 1-5 year balloon payment where you'll pay them the balance you owe by refinancing with a bank, but you can get as creative as you want with it!  

It is very common to buy a property and find a long list of deferred maintenance and repairs.