Rent is due on the first, late on the second, late fee of $50 imposed on the 6th.Lawn Care: Multiplexes - We take care of all landscaping.

But here is my gut reaction:1) Sounds like yet another opportunity for unnecessary administrative expenses and possible corruption.2) ABSOLUTELY!!! 

If you’re not able to discharge your student loans in bankruptcy or establish a repayment plan in a Chapter 13 proceeding, the federal Department of Education has the right to: Tack collection fees of 25% and collection agency “commission” fees of approximately 28% onto the principal, interest and penalties you already owe Take your federal income tax refund until all your defaulted student loans have been paid Garnish up to 10 percent of your wages, without suing you first Take as much as $750 per month (up to 15 percent of your income) in federal benefits to which you might be entitled, including social security retirement and social security disability income, and apply that amount toward your outstanding defaulted student loan debt Sue you for your outstanding student loan debt and place liens on your property Student loans are not dischargeable in bankruptcy unless you can show that your loan payment imposes an "undue hardship" on you, your family, and your dependents.

This place looks like hell between unnecessary construction and unauthorized devastation to the landscaping.

From an investing standpoint, they are an unnecessary expense.

This is exactly what happens to the majority of newbies.The truth is that this is completely unnecessary.

but if you insist on getting loans and obligating yourself to pay debts and put your credit at risk when it's completely unnecessary, that's up to you.

Real estate is a long term game and you haven't "lost" 89k...you only win or lose when you decide to sell which, thanks to a lack of price controls imposed by the government, is any time you'd like!

Aside from tenants failing to pay rent and tearing up the place, some are unreasonable about their expectations.There are a lot, and I mean A LOT of landlords that attempt to weasel and impose their personal beliefs (religious, political, morals) on tenants through a variety of means.

I am still going to be under my 3K budget and it will be done well before my self imposed deadline of one month, but remember when buying a HUD home or any home that hasn't been lived in for a while, no matter how good of a inspection you do, there are going to be little things that pop up that will cut into your profit.