To me, with the additional $100 anyway, also consider an additional damage deposit above the normal maybe split over several months.The wood floors are in less than normal shape and minor "dog effects" like chewed molding, trim and drywall are cheap fixes in most cases.I would do it.Just my two cents pal

There's some additional discussion about this situation in another thread: http://forums.biggerpockets.com/viewtopic.php?

I am interested in pursuing Virtual Assistance for Real Estate Investors as an additional business.

We give our tenant more than 14 cumulative days will be charged additional $100 a month per additional resident.

the additional $47 is for the increase of rent-Month to month lease -8/31 received a notice that the rent was being raised beginning 10/1/07 (notice hand delivered by LL on 9/2) (does this even meet the 30 days notice requirement??)

.- "Income" includes all gross receipts generated by the property ($1,000 pm)- "Expenses" could then include mortgage and running costs ($800 pm) in addition to a $200 "management" expense (or similar) to Joe.- In effect, Mike's net Tax obligation would be zero (until the property was sold), and Joe would get an income of $200 per month.

In addition, it can take a lot longer to find a lease-option tenant than a regular tenant.

DeanGive me a call and I know I can help you with additional searches for properties here in michigan.

Any additional input is definitely appreciated!

They are pretty much identical but this house has a small addition on the back that enlarged the bathroom.