Another issue is drug usage, sale or manufacturing are sufficient grounds for an automatic termination, in fact here, it's an immediate set out but the landlord will need to prove it.You do have the right to enter for repairs, treading lightly on the tenants right to quiet enjoyment, but things can be miserable to the point of a tenant wanting to break a lease too.The story of an Executive Director of a housing authority property is true, where he removed the front door to make repairs to it and the tenant left.

Im mostly just interested in building equity from mortgage pay down over the long term.I already have a team in place that does the accounting and repairs on my current houses, so I am prepared to manage more, and I think it's in my best interest to stretch my existing staff more.If some houses dont break even, I have cash reserves to cover it.Since I rent the rooms out individually, not the whole house, its more management work, but less risk.

The subdivision is a newer development w/ new houses still being built for $300K, give or take $10-20K for size/features.I would imagine the neighbors who live on this cul-de-sac would like to see this house fixed up; the neighbors in the development would want this house repaired for property value/affect on sales.Who would I talk to about this house?

Might think of replacing ac's if old or dated as fast as possible,,,that would help as much as anything on repair side.

I want to check where my head is at after owning 6 properties and putting over 100 offers in over the past year.1,100 sq ft 3/1 house in a nice neighborhood built in 1960Purchase price: $42,000Borrow $35,000 @ 5.5% 15y$3,000 for clean up and repairs$10,000 cash investmentProformaRent $900 a month = $10,800 a yearMortgage $286 a month = $3,432 a yearTaxes $100 a month =$1,200 a yearInsurance $100 a month = $1,200 a yearI know there is unexpected vacancy costs, maintenance costs, lawyer costs etc...

I don't think its a good idea to start investing far away because you're stuck paying someone $100 for a two minute, zero real cost repair.

.), 2,248 square foot house built in 2001 in an area with good schools for $111,500 plus some closing costs and $2,000 in repairs (one furnace, two ceiling fans, some shrubs, a piece of trim).

Remember to factor in, vacancy rate and also allowance for repairs.

Most shoot for 65 - 70% minus repair costs of ARV.

That doesn't include showing vacancies or needing to drive over to let a handyman in to do a repair.