The buildings had 3 vacant units when I took them over with some pretty unhappy owners.In one month both buildings are full, rent paid on all 8 units and the 3 vacants I'm getting $200 more per month than the previous management was getting.The demand I created was high, hundreds of leads for the units, it takes some filtering to sort the good tenants out but they exist.

Loop-net is typically a waste of time.

You sort out the math on all of that, take your cut(don't be greedy) and if it is attractive enough, you will have saved your cash buyer time and that is the value they expect from you.

Please do much more research on the Sub-2 topic and get with a local REI attorney to sort out the details, prior to moving forward. 

I am not the "sky is falling" type but a housing correction will come to our area, as it's always on a cycle of sorts.

Subsequent question: For anyone who does receommend notifying the tenants, how do you typically do this? 

The utilities are water and sewer based which, if I understand correctly, are typically paid by the owner because they can become liens against the house if unpaid?

@Kirsten Goble I am a investor/broker in Detroit and specialize in foreclosures (property tax and mortgage) and have dealt with all sorts of lenders and banks, depending on the "restrictions" there maybe multiple options to accomplish what owner is looking for.

Hi BPI’m wondering how much do you typically pay your bookkeeper?

Thanks this is a sort of power grab by politicians.