I have a potential Master Lease deal in the works and I’m looking for some feedback. The home is a Single Family Residence in a nice neighborhood and could command around $950 per month in rental income. However, the home does need some cosmetic repairs (paint, clean-up, misc repairs). The owner doesn’t have the funds or desire to prep the property for rent.
How much are you willing to invest on cosmetic repairs on a Master Lease? What other concessions might I ask for in exchange for paying for the updates?