Sure, I would allow him to store it there for additional rent.

Hubby and I live outside a small (2500) town in MO where we own and operate a coin store.

Some of those items you can't even make up!

In all properties it good to have a Reserve Plan of these items, expected life and how they will be paid for during your ownership.  

Besides if I screw up I will have to face them at the grocery store so I better do it right the first time.  

Can it fund the items in the reserve study?

Elizabeth Colegrove  This was an Insured home on the HUD home store.

The grocery store or the local  restaurant doesn't take it.

Cap rates of 6-12% seem to float around.Then, as far as buying a business, it is common to buy in multiples of earnings, ie. 2x-5x earnings, or more or less depending on the industry.Now, I was once looking to buy a convenience store (franchise) and it seemed as if I'd be buying around 2.5 times earnings, so higher than a 6-12% cap rate, but obviously that makes sense because it is much more work than a semi-passive apartment complex with a manager, or something along those lines.

In desperation, I come to BP and ask for help: If anyone can share some experience in how to remove this nasty paid charge-off item from my credit reports, you have probably just saved my life...Thanks in advance,Michael