Every time I have done this it has ended badly. on the other hand, In my experience, Crime is a factor in these areas and you need to weigh dealing with late and missed rent payments vs. vacancy and risking loss of copper wire and plumbing.

Assuming that the W/D was in the unit when tenant signed the lease, I would:1) Apologize for the inconvenience and show them the HOA guidelines.2) Voluntarily reduce rent by an amount that you determine seems reasonable based upon what the coin-op machines are charging (some are several dollars per load, so could be in the range of $25-$100/month rent depending on the condo size and what the coin op charges.

Jain, the bank’s CEO, commented, “You should trust us because the rebuilding of Deutsche Bank is working, because we are strengthening capital and reducing risk.”

(This is what I use in California) The concept is to keep the fact that the property has been transferred private.The sales transaction remains unrecorded i.e. the deed is not recorded or the contract of sale or the financing agreement.The transaction is maintained in the records of a settlement /escrow management companyEnough documentation is recorded to protect the seller and buyer in the chain of title without making the fact that the property was transferred public recordExisting loans, taxes, insurance are paid by the buyer into a collection account, which in turn pays all the accounts required to service the propertyRecording a deed or contract is not required in most states to make a valid transferNot disclosing the new sale to the underlying lender is not illegal in most statesKeeping the transfer from the lender is not a crime or against the law.

This has stopped many people from selling and many sellers are truely to stubborn to reduce the price the believe there equity will over come the cost of the liens.What do you all think?

I am calculating it as:20% of (purchase price + repairs +other costs)= 0.2 x ($75,000 + $20,000 + $10,000)= 0.2 x $105,000= $20,000 (rounded to the nearest $5000)I've lost two other deals using this formula, and after that and looking every day for the past 6 months, I'm wondering if I need to reduce my profit goals in order to actually close a deal.

And CLRSearch can get you any info you want on zip codes, including crime rates.

Plus, this past summer MSU decided to blow up a couple dorms, which had the overall impact of reducing student housing by (as I recall) about 1000 units.

The Market~ It's so unpredictable and fortunes could be reduced to nothing overnight.

(occupancy significantly reduced, under planned capex....