Unlike refinancing, which involves taking out a new loan, recasting keeps your existing loan terms—including your interest rate and loan duration—intact.

However, I'm drawn to the long-term benefits of multifamily properties.

., Rentec Direct or Buildium) for easier management and automated payments.For the tenant who’s behind, it’s good you’ve set new terms.

Long term, short-term, etc?

Seller Financing / Sub-To: Take over payments or negotiate terms with sellers to minimize upfront costs.  

My lease requires professional carpet cleaning, which would cost more than $500 for a home of that size.Yes, it's reasonable to reduce the cost because she was such a long-term tenant.

Owner-occupied commercial properties generally get better interest rates and terms when compared to pure investment properties. 

Yes, I realize it was the first time, that is why I would cover the cost in an effort to be a good landlord and not discourage my tenants from reporting future issues.

I have found there to be a real shortage of long-term rentals in Ludlow and the surrounding area.  

Must have tools: you need some type of evaluation metric and/or tool that you are comfortable with and are willing to walk about from a deal if it doesn't meet your requirements.also, a deal is a term for a transaction, not to be confused with a "good deal".