All Forum Posts by: Scott Weaner

Most people can get a doctors note for virtually anything. I know, they ask me for them all of the time. In fact, a patient just used one to get out of a lease, as she was not safe to live alone and needed to move in with her daughter. At least I know that was fact.

I think we understand where you are coming from. We are not minimizing the seriousness of depression. In fact, as a physician, I feel that mental illness is considered a "second class citizen" when it comes to medical care.

What I don't like is the forcing of the Landlord to do what you want, despite the fact that you have a contract. If the landlord wanted to change something you would be screaming. That is not fair and is not ethical.

However, I agree with either moving into another one of the units that allow pets, or simply breaking the lease and moving altogether.

I think this is ridiculous. I think that the rule was probably meant to apply to animals such as seeing eye dogs, helper dogs, etc.

The doctor could say that a pet MAY be helpful for someone with depression, but it could not be a major part of the treatment.

Whether other tenants have pets should be irrelevant, as this is the policy for the newly renovated unit.

We have a shut off in the basement , and the meter is there also.

John and Mike, thanks for clarifying. I ran it through this website's tool. I think the return is based upon the pay down of the mortgage giving increased equity.

Mike, I do not get any cash flow from my stocks or my IRA. I put money in year after year, hopefully with a payoff down the road.

I am rooting for the Indians. I have a friend from Cleveland. The last time they were in the Series I had my phone in my hand ready to call and congratulate him. Then the save was blown by our friend Jose Mesa, and the Marlins won it :cry:

Mike, does it make any difference if you are not buying it for income, but for investment purposes. I ran that scenario through the property evaluation tool, and even with no appreciation it makes 12% total return or so (not cash on cash).

Also, I note that the taxes are very low, which could change the expense percentage quite a bit. Four plexes that I am looking at have 4 times those taxes. Also, he is doing the management, so $330 is in his pocket.

I am trying to learn as well.

It sounds as if in Mikes part of the world one needs a Sherman Tank! :lol:

Even if she could do this it sounds like a really bad idea. Suppose the caretaker develops debt and is forced out of the house. What happens then?

Does she expect the house to stay in the family forever?

Jon, I did say "nearly impossible" because I will not give up.

I have been looking a multi-family properties (1-4), and none of the more desirable units will cash flow using these numbers.

Is there any numbers/calculations that one can use which eliminate taxes from the equation? As some properties would have higher taxes, they may not work even at 50%, while some with lower taxes may work with a lower percentage.