You may be able to take B to court to collect the rent owed up to the date you find a replacement but you must prove you have made the effort to find a replacement.What I would do is threaten the S**t out of tenant B.

My one property rented for 1200 a month and is a very nice neighborhood.Bottom line: Yes, lots of renters in Memphis (45% is the figure much touted by sellers).

Bryan, I went to UT so let me first say I miss Austin.

We are especially unhappy with the service now, considering that was one of their highly touted features when they first started offering it.Does anyone know of any other online payment service which only allows for full payments or at least allows the Landlord to chose between full and partial payments?

Too bad the touted former FBI hostage negotiator doesn't follow thru in his business dealings.

The reason they tout opening several lines of credit is because in doing so, you reduce your utilization.

If you advertised the home touting its energy efficiency and low monthly electric bills, perhaps you could charge a higher monthly rent to recoup some of the investment, but that's a big "perhaps".

HIGH ROI on paper generally speaking for anyone who does not live in the market = high risk  that is true in all major MSA  this is why the folks that are buying Morris invest homes will see a rocky road in the future its the area .. forget about whether the house was actually rehabbed or not. ( as some have complained about.Most go through this learning curve.. thats why I like where Chris Clothier has taken his company higher end assets that have dual exits.. and he is not out there touting 12 to 15% returns. his numbers are realistic and if you want to own rentals own solid ones.But don't beat yourself up you did not know what you did not know.. there is a place for section 8 housing and a bullet proof PM is critical.

On BP over the last decade there have been tons of posters touting they bought a cheap house with high rents etc., etc.Other posters ask follow up questions with them as time goes on and they are nowhere to be found.

They also neglect to mention that regardless, if you convert an investment property to your primary residence you will have to recapture all depreciation (this can have dire consequences for the investor who converts without truly understanding their basis in the property they want to convert and the consequences of converting a heavily depreciated property into a primary residence).And of course I always take exception to those who want to tout 1031 as just a means of deferring and that you'll have to pay the tax anyway.