well, wish me luck.

[3Hotdogs]

4. Rental business.... in many cases, not a good idea unless you have a large number of units to absorb

loss of rental income such as the case with your property.

I had similar experiences when I took over my mother's 2 units after she went into dementia/assisted living.

Nightmare after nightmare..... calls because sewage backed up from the basement into the first floor apartment. Evictions. One tenant was evicted and his family did $19,100. of damage to the house because they were pissed. The insurance company paid for the rehab and sued the tenant, got a judgement and garnished his wages. But still, I lost income for 8 months.

I was lucky in that the mortgage had been paid off years ago so she/I was only responsible for property tax.


I encourage you to consider selling after the rehab is completed instead of renting.

I do wish you, good luck.