I believe that there also will be some wholesaling involved, as I'd like to create a steady flow of income over time.

This creates a balloon in 12 months which is viewed as a type of borrower hardship.

First off im not new to investing....This site was created to network and build knowledge.

I plan on eliminating this by putting some of the 20 maintenance workers we have at the company and I would give him a discount on the apartment for him to be the super (these guys are familiar with everything they maintain our 650,000 sq ft warehouse.)I'm not expecting to become rich overnight but I see this as a good investment and a good chance to create some equity.To sweeten the deal I would also offer the employees a ride to work (buy a 15 passenger van) for a nominal weekly/monthly fee which would help cover the driver's pay.Pros:1.

All toilets are not created equal and even good brands make terrible models.

I would like to do things right and at the same time not create more work than necessary.So currently, my wonderful aunt fixes up and manages the properties for me.

Matt - my properties all run around $600/month.I don't think the $50 is going to convince anyone to stay per se - but it may create some general goodwill and help foster a better relationship.

And in a vicious cycle, this simply impels the lawmakers to create a new batch of rules!

I don't have a formal offer sheet yet, which I will create for my rehab in progress (I couldn't find one in the File Place).

I have good credit and $50k to invest but need to create a business plan first to move forward.