We have to do a lot (over and over again), but since the square footage is so low and the quality of materials is lower, it doesn't add up.Our costs, excluding debt service and the $300 "capital improvement" appliances that will only last a year or two, is 35% of gross rents.

So, we really are talking about who cares territory since that date is so far out.

That is why it is so important to have a local attorney to sort those things out.

Marie said, the durability is so much better than Formica when you turn over tenants.

That being said it is so complicated and courts being what they are it is good to get some legal advice.

The sagging roof which, if the inspector's assessment is correct, could be fixed with a couple of 2x4 supports is so minor as to be a non-issue.

@Eamonn Cottrell Hello neighbor, LOL, The podcasts are great, there is so much information available.

That is so funny that you actually responded to this thread.

@Aaron Montague , very strong buyers w/ solid multifamily in good markets (at least Bay Area) can get a 5/1 ARM around 3.0% with a good downpayment, so there's even more "gravy" in there than those numbers, which is part of why MF is so hot right now... it's amazing!

Hi, There is so much to credit score in this country.