And better than an actual beachbecause the water seems much cleaner, much better looking and you have more control.

A Tansfer Disclosure Statement is required for all defects (repairs) past or present, permitted or not.Some common small repairs that require permitting (well outlined on SLT website) are; replacing water heater, repairing/adding any electrical, replacing windows/exterior doors, adding/upgrading plumbing.

No heat, no water, no power are NOT immediate emergencies.So, our emergency system allows caller to leave a vm, which is transcribed to text and sent to whomever is on call.

I paid him via Zelle.The next guests said there was standing water in dishwasher on checkout day.

PITI is about 1800.I have sufficient reserves in the SDIRA to cover anything major (the unit has new appliances, water heaters, roof, and paint).

Plumbing: You will almost certainly need to connect all drains to the sewer and bring in water lines.7.

So, give them money to move.Bought for $157,100.38 ****** ARV$245,000.005 bed 3 bath – Phoenix AZThese are the numbers from the HUD statementBought for $157,100.38 ****ARV$245,000.00Existing Loan Amt Payoff $118,145.37*Subject To$118,145.37****Closing Costs From HUDTitle$1,045.00Escrow$1,400.00County Taxes$538.38Recording Fee$120.00Cash to seller$10,000.00Misc other charges$525.00Total Amount Due $$13,628.38***Arrears To Bring Account DueTotal Number of Missed Payments:11Total Payment Amount$10,095.47Unpaid Late Charges$146.84Additional Amounts:Foreclosure Fee/Cost$354.19Unpaid Advance Bal$1,101.75Total Amount Due $$11,698.25***FHA Loan Mod 2nd$11,582.44***My Out of Pocket$36,909.07***Total Cost Basis of Purchase$155,054.44ARV (After Repair Value)$245,000.00Repairs Post Purchase$ 5,000.00 +/-Unrealized Profit$84,945.56***Equity (ARV minus Subject To payoff)$126,854.63***I strongly recommend having 3 months reserves as follows:Monthly Mortgage$917.77(Taxes included)Electric Monthly$362.21Water & Sewer Monthly$102.80HOA – None$0Reserves3 months mortgage payments @ $917.77 per month = $2,753.313 months Electric payments @ $362.21 per month = $1,086.633 months Water payments @ $102.80 per month = $ 308.40 Minmum Reserves Total $4,148.34Then I turned around and sold it on a Lease Option for $265,000 getting $20,000 down on a nonrefundable Option fee, and rent of $1,900 a month.

E.g. what is the RUL (remaining useful life) left on the roof, HVAC, water heaters, etc...In general, I use 3% for maintenance and 3-5% for capEx.

Something that we value tremendously (regardless of the appraisers opinion ) and are working on adding an off grid hot tub, outdoor sauna with water side jungle-gym.

This tenant complained about a water leak and did not allow the sheetrock contractor to put sheetrock drywall after the plumber completed his work.