The questions might seem silly -- and the answers to the first few might be brusque-sounding -- almost always by the third or fourth, they will start talking!

For buy and hold deals, the distributions are sent either monthly or quarterly.

Do you make this residual quarterly, monthly, yearly? 

Imagine if 90% of Burger King's sales were Quarter Pounders, and demand for Quarter Pounders dried up overnight.

Here's the 4th quarter economic report for Huntsville.

Put this in your lease, stress the policy and if during your quarterly inspections you fine pot plants you know you have smoking in your property.

And important that you gain their trust and respect during this time.THE FOURTH MONTH - THE COMFORT PHASE:The Fourth Month through the first year is THE COMFORT PHASE: the tenant becomes accustomed to your rules and is starting to feel comfortable.

Then after, the contract is signed and the first quarter of the draw is paid and cleared, you receive a peace order 5 days later in the mail. 

It keeps me from having to stockpile reserves for repairs and so fourth 

I am not saying don't pursue these types of properties, just be prepared and realize you will need to be a much more hands on manager and should probably do some monthly or quarterly inspections to see whats going on inside.