I would make them hurt for screwing you for the last year.You are PROBABLY having to pay the PM for them to post a pay or quit notice.  

Hi all - my folks are in their  middle 60's and have lived in KC metro (Blue Springs, MO) for around 8 or so years - they are wanting to relocate back to where myself & sister live to be with family/spend time with the grand kids.Here's a link to their present listing   http://www.zillow.com/homes/for_sale/1308-NW-Deer-...I think their present realtor sucks and am trying to motivate them to fire her - I'm fairly certain she has the square footage listed wrong - there is about another 1000 finished square footage in the basement she has left off and simply put the listing on the MLS doing nothing else - her ad copy sucks, no video, no facebook etc.This is a VERY well built house and I'm not saying that since they are related - if I had any desire to live here I'd move in a heartbeat - maple cabinets, hard surface counters, great location - easy to get to I70 and get around, close to shopping etc - nice neighborhood etc - one of the lower priced houses in the neighborhood etc etc.I dont want them to get screwed out of money and the current realtor is heading down that path.Anyways if there are any good Kansas City area Missouri side or Blue Springs based agents please contact me.  

My goals are to make at least 10% on my money and not get screwed.

I partnered with attorney once on a JV and got screwed.  

@Jason Sterlingwhen you purchase a rehab foreclosure be sure you place a lot of back into the property ie...money for what you missed/elect ,plumbing, gas piping, AC repairswhat happened on mine was that there was no title- the county had to make a new title for the property it had been sold so many times in the previous refi process, that is how it went to auctionas long as the arv is suitable for the area and you can get it for a deal then it would be a good buy if the rents are not going to make it work then flip it for a small profitget another set of eyes on the property to help you analyze the property maybe look at a cut sheet from one of the forms on BP what your looking for and what is a tear out or a repair-ie most sheetrock damage is a repair unless water damaged then it is a tear out, flooring if it squeaks you can fix that with a nice box of screws, if it has dry rot then it is tear outnetwork with someone in your area maybe a GC to do a walk throughenjoy

It's expensive, but it's a non-negotiable in my eyes... just because if you do a %, there will be drama about the meter not being correct, or if you do a set rate, they'll feel screwed when not using it a lot, and probably purposely use more!  

Seriously I am screwed.

I break failed plaster out and screw in 3/8 in. or 1/2 in. drywall into the exposed wood lath. 

The management company has the leases all screwed up, has been billing them pretty hard, and it's been 76% vacant for quite some time.

I would guess it was not "down to the studs".It sounds like this guy bought the property with cash for rehab.Turned into a money pit for him and values went down and now he instead of rehabbing it is looking for a sucker to unload it on.Namon you are just way,way off in your calculations.You need to go to the stores Home Depot,Lowe's,etc. and get acquainted with an idea of what things cost.You would be amazed how all the little things add up.The labor component is key as well.Do it yourself (free labor but a cost of time).If you have never done it before you can screw up and waste time and materials eating away any potential labor savings.You can also use a handyman for work OR a certified contractor.They each will have their own rates what they charge for labor.