Those are great ideas. we always give the tenant a welcome basket when they first lease the home, Toilet paper, water bottles, spaghetti sauce, sometimes a plunger... just stuff they may need or can use when first moving into the property.. they LOVE these items.. all things you can buy at the $1 store.We also send them a movie gift card and dinner coupon during the holidays and have a hand written note letting them know the owner asked us to send them this and thanking them for being such great tenants.If you are big enough and have enough homes you can normally go work a deal with a local restaurant to be able to get some discounted price off the coupon value if you buy quite a few of them.

Is the property price the current going rate for the area or are you getting at a discount?  

You can also get a discount on your homeowners insurance after installing them and having a Wind Mitigation Inspection Survey performed.  

You need to be able to buy at a considerably higher discount to make it work.

List Price $ 109,900 Fair Market Value $ 97,900 Discount (%,$) 23% $ 22,517 Purchase Price (Max Offer Price) $ 75,383 Percent Down 3% Down Payment Amount $ 2,261 Amount Financed $ 73,122 Interest Rate 4.00% Costs of Repairs (Make Ready) $ 5,000 Length of Mortgage (Years) 30 Payment Monthly Annual Monthly Mortgage Payment $349.09 $ 4,189.12 Rental Income Monthly Annual Unit A $ 700.00 $ 8,400.00  Unit B $ - Gross Rental Income $ 700.00 $ 8,400.00 Vacancy Rate 8% Net Rental Income $ 644.00 $ 7,728.00 Expenses Monthly Annual Property Management Fees $ - $ - Leasing Costs $ - Maintenance Reserve 32.20 $ 386.40 Utilities $ - $ - PropertyTaxes $ 121.42 $ 1,457.00 Insurance $ 129.50 $ 1,554.00 Other (HOA fees, Lawn Care, Trash, etc) $ 6.67 $ 80.00 Total Expenses $ 289.78 $ 3,477.40 Net Operating Income $ 354.22 $ 4,250.60 Mortgage Payment $ 349.09 $ 4,189.12 Total Cash In (Downpayment + Repairs) $ 7,261.49 Net Cash Flow $ 5.12 $ 61.48 I worked backwards to see at what price do I earn a profit/ break-even my first year.Thanks for any advice in advance!!

Hello everyone,We are consultants who buy properties at a discount and then sell them or lease option them.We would like to hold/rent or retail in the future, so we would love introductions to HMLs and contractors in the area.Thanks in advance for your advisement!

If you purchase a property with section 8 tenants or rent control tenants, you'll get a discount on the property but you'll also need to either increase the rents or evict to get a decent ROI.

My thinking is to come up with a number and then give her a "discount" until certain aspects are completed.

Push for damages for delays or get agent to negotiate more discount.

Or maybe the contractor has some discounts somewhere.Your biggest 2 hurdles will be permits and the mortgage company.