Our second park was a turnaround project that we purchased at a bargain cap rate but where we were going to need to replace all the water and sewer lines in order for the city to agree to let us get all the tenants on direct bill with the city (initially it was one master meter paid for by us, about $5-$6,000 per month, crazy leaks, terrible).

Replacing fence and found out that portion of fenced in yard is still in previous owners name.

- Lender loans cash for a rental property- I put property in my LLC- lender and I enter into an agreement that outlines our terms - I use my own reserves to renovate - obtain HELOC to pay lender back, replace reserves- RepeatOr.. what strategies are recommended when a cash partner is available to you?

Hi @Juan David Maldonado, it's not exactly the same, but the sites promoting the most optimal views of finance and investing, with a strong social component, would in my opinion be:- ChooseFi- Afford Anything - J.L.

I would clear $300K from the relinquished property sale of $700k.The replacement property has appraised for 1.25m and has a mortgage of $825k-If possible, are there restrictions on how the $300K from the relinquished property is used?

This is the case anyways, but it's going to be the tenant's knee-jerk reaction to say "You should have to replace my laptop since that pipe burst and it soaked my coffee table, where the laptop was."   

If a tenant damages an area of a room and you have wood flooring, you cannot just replace that one area, you'd need to replace the entire room to make it look right. 

I'd replace them with a hard lid (gypboard ceiling) and install a bathroom exhaust fan during that process.

I think the most expensive thing to replace would be both bathrooms they both could use a new bath/shower combo in both of them.

Should I just clean shampoo the carpet or should I rip out the carpet entirely are replace it with vinyl flooring.