Lester Schmitt I would guess that would depend on what the definition of substantial improvements is.I renovated my 3 units with no problem from the city because they were pleased to have the eyesore taken care of.

As an out of state investor wanting someone with skin in the game to care about the property, some kind of partnership comes to mind.Know a young guy, who is the son of a friend, who is buying property in a southern area that is conducive to cash flow.Understanding how one person that carries all the burden could feel like they are getting the short end of the deal, I wonder what kind of arrangement would be fair where one lives in the area, finds property and keeps track of it, while the other investor is out of town too busy to be involved.I have more capital and credit than does my young friend so my contribution would lean more towards the capital side but that makes the partnership lopsided.

The basic principal for us is that we don’t care much about cash flow, although we do like to break even.

Also be careful of the HOA bylaws down here with respect to renters.

Hope to meet you there.Take Care, Bruce

But if you’re buying cash they don’t care period.

So be careful of what you hear.Also, the deadline if simply for them to be sent out of available.

Just be very careful in the future to make sure you ask a tax advisor before making major financial decisions.

And if you'd like to know about my dilema and what I can help you with potentially...you can look for my newbie post.Thanks to the people who care enough to send a friendly note!

Be careful out there!