Not paying your condominium maintenance fees is also a quick way to get into a bad foreclosure situation.

A few questions I have in evaluating the profitability of rental property:1) When we're talking about single family homes, how much should I generally assume for maintenance and operating expense?

You still won't get the top rent for the market.More importantly, the tenant that overlooks the condition of the 30 year old kitchen is less likely to keep the new areas "new", so you end up redoing everything in a couple years anyway.IMHO, there is much more value in doing a complete rehab, with an eye toward minimizing future maintenance by design.

It is common in the UK for historic reasons.

It would be common courtesy to call them and let them know that they did not get the job and a reason that they were not selected.

Here in Texas the AC goes out a lot and is the number one maintenance expense.

If you buy a property with a mortgage, and want to do it in an entity, its most common to buy it in your own name, then quit claim it into the entity.

The owners have local, on-site property managers and maintenance staff at each location and I managed them and acted as a go-between with them and the owner, probably similar to what you would call a regional manager.

Get it touch if you want to review specific possible choices.My point about being an agent is because the agents who commonly handle 1031s do have forums for trading deal info.

BlueStarHomes & galvin,I think you are missing the point a bit.Drive by appraisals are already rather common and used in specific deals.