There are all sorts of ways for contractors (or any partner) to hide dollars to minimize the paper profit.

There no was lease, no papers, nothing.

There are a couple newer companies charging something like 18% but they make the owners purchase their own supplies (TP, paper towels, toiletries, etc) and have all kinds of "additional fees" that seem to put them in about the same range when you take everything in to account.

Also another good tactic is offering to let them use supplies like toilet paper, paper towels, and whatnot. 

Look at overall ROI vs just cashflow on paper, especially since cash flow on paper vs reality can be 2 different things.Best of luck on your endeavor!

I’ve gotten totally screwed in a good area with one ****** tenant I inherited that on paper was amazing. 5)36 cost me $16k in damage and $7k in rent...The only way to mitigate this is to screen your tenants property and I know this sounds crazy but go with your “gut”.

Real estate is illiquid.Real estate values dropped ~2008 but real estate investments are NOT just about equity on paper.

Also on Airfare learned a hard lesson to.. you must have paper receipts and boarding pass's to write them off.. copy of CC bill and or on line status report is no good

Hassle-paper time.b.

I've done this in other civil situations (adoption papers, deeds, will, etc) so no problem.