Determine the charges and make the tenants pay it now or set up a payment plan (no more than six months).

We all have our own unique “set of skills” (said in Liam Neeson’s voice).

I always have a set of tools that allow me to take care of 90% of small projects and can haul extra tools to take care of bigger projects.

FHA, VA, and Conventional mortgages each come with their own set of rules and requirements or the condition of items such as the roof, plumbing, appliances, peeling paint, floor coverings, etc.

I do NOT want to set a precedent though.

Christopher - LLC is set up for 1065 50/50 wife and I.Ashish - Looking at my personal return now and AGI is over 150,000. 

You can always change your profile settings to only show the first initial of your last name. 

I am slowly working my way thru the process :)I think remembering to set my goals, then check this againt those, and also be sure to see if there are better returns i could get elsewhere are my main criteria right now. 

@Russell Brazil yes I have won one specific performance suit.. but vastly different set of circumstances.the seller was losing the property and needed 40k to cure the tax ( property tax) default or they were going to lose it .In Oregon its the only state I personally know were property lost for non payment of property tax's escheats to the state.. no public auction no overage no right of redemption other than the county commissioners can over turn it down the road.. that all said there was no time to do a formal escrow so I did a Purchase and sale contract.. gave the seller 5k of non refundable EM and handed it to her.. 

Hi @Jennifer McPherson the place to start would be to find the property you are interested in and set a budget.