This is not to mention tenant issues/ vacancy loss/ theft which likely will be an issue at this property considering it has got to be in a rough location to be priced how it is.

(Since tenant just moved out).My issue is I went to refinance out of my bridge loan.However after the property was appraised, it's not currently worth enough where a bank (that I have found so far) will take it on without me paying another $29,000 to cover the difference.I don't have that capital at the moment to do this and next month the loan is mature so the interest only payments go up.My only thought is to pay the higher interest until the other side is rehabbed and have it reappraised.Im open to thoughts and opinions. thanks for your time

Immediately after moving in, I noticed issues with water management from the gutter system.

The building is at a reasonable price and cash flows and has a decent cap rate for the area at the moment not including the repairs.Could anyone who had to replumb main line and replace unit plumbing give me a very rough estimate of the cost what potential issues we may encounter.Also, what would you do with the artex ceilings.

We received an application and the report looked fine . . . no evictions, no criminal issues, credit score was acceptable – just what you want in a tenant no?

The landlord must follow legal procedures, such as issuing a notice to quit, to gain possession." 

If you're grabbing numbers from public records or lead sources, do a quick check -- recent divorce filings, probate notices, code enforcement issues, out-of-state owners.

I have 2 rental homes in Milwaukee and same issue.

The piece that seems odd, although seemingly a non-issue, is a full 5% on renewal. 

If the PM does not address city inspection issues within a week, sidestep them and have someone else do it.