And, don't strain your arm patting yourself on the back.

It sucks, but as soon as you do, they know you're a sucker, and they'll keep bending you over.Make tenants responsible for minor repairs, if you don't you'll have a few tenants that can't seem to tighten the screw on the loose doorknob, and it will be imperative for you to fix it stat!

Ryan, Yes lending has tightened all over the US.

talking about putting a financial strain on the fed reserve.

If he calls a plumber, you're going to have a $100 bill for the plumber to spend 5 minutes tightening that hose or replacing a flapper valve.

Also, as the lending guidelines keep tightening, fewer and fewer people qualify for a loan.

That could scare banks and non-bank lenders to tighten up their underwriting and turn down flip transactions.Second, I would be careful (now more than ever) how a transaction is structured (even for transactions that close 90+ days).

Lose the non/ slow performers, tighten lending requirements (which they've done) and ride the storm with a fitter vessel.

As someone else pointed out, they are very easy to tighten or replace.

One for a garbage disposal seal that was not right, another for a diswasher hose that fell off the back (plumber did not tighten screws), and one for dishwasher and disposal problem becasue plumber forgot to knock out where the tube connects from the dishwasher to the garbage disposal.