This one is definitely dated and will need work to get it rental-ready.Details so far:Purchase Price: $425KConfiguration: 3 × 1BR units (all vacant)Rehab Needs: Carpet removal, dated kitchens/baths, general cosmetic refresh, possible system upgrades (roof/heating/water heaters unknown).

@Paul De Luca I appreciate the insight and the help.the agent is my agent and not the listing agent.I do review the financials, some of the rent rolls have expired and are only  on a 1 year term.

On market- high equity, cancelled/expired?

. - If tenant alerts us they will be late, our standard response thanks them for letting us know, but we are contractually obligated to send them a 7-Day - which they can ignore if they pay before the 7 days is up.2) We have 6 Milestone triggers when we try to contact the tenants to offer Payment Plans & Cash-for-Keys:- When 7 days is up, before we send to attorney for court date- When we receive Court Date Notice from court- When we receive Eviction Judgment after court date- When Michigan's 10-days to pay-to-stay is up- When we schedule bailiff- Day before bailiff date3) Our Payment Plans are formal, in writing and tenant MUST commit to specific Payment Dates & Amounts.

Just remember while snowbirds might plan ahead, MTR is typically a lot of last minute travel so don't get discouraged as you approach your availability date.

For additional context, both tenants are up-to-date on rent and at or near market rate. 

My recommendation would be to see if you can offer cash for Keys and specify a date you want them to be removed

While DCs do not add a ton of long term jobs I do feel they adding to the city via construction jobs and taxes (longer terms once the abatements expire).

hey guys,I realize this thread is a bit dated, but I’m hoping to tap into your local insights.

I put expected start and end dates but require notice if sooner and no extra early term penalty.