I will still talk with my attorney to see whats the easiest for him to perform but at least I now know what to ask him.

You could also do a cash out refi to vastly improve that CoC return depending on your mortgage numbers, etc.

This topic generally comes up when lease/options and setting unrealistic terms for the tenant/buyer to perform.

I listed on MLS through entry onlyBuyer came in with agentBuyer had no written contract with agentAgent submitted formal offer to purchaseI refused---It was too lowBuyer came in with other agent and submitted a higher offerI acceptedFirst agent now says that according to MLS rules I owe first agent the commission because that agent procured the buyer and was in middle of negotiationSecond agent says that buyer was not satisfied with performance of first agentAgain, first agent had no written contract with buyerIs first agent due a commission??

Here's a link to the IRS that discusses real estate basis http://www.irs.gov/publications/p551/ar02.html#en_US_2010_publink1000256941Thanks Justin.From their publication, it sounds like you can only add capital improvements to the basis, not things like replacing broken doorknobs, AC handlers, or redoing the floor, etc.I haven't really had to do any capital improvements so far.

I will perform all repairs so this cost is whatever I would like to pay myself per hour.

I dont think they improve neighborhoods as much as they provide a service for families.

I have recently started a new management company and wanted to know how other property managers charge owners for maintenance performed on their properties.

They advertise the houses as being pre-let to section 8 tenants, and are recently painted / improved inside.

@Jon Holdman The situation you explained in the early part of your message (two closings) is the exact scenario the title companies said they couldn't perform.