I'm going to propose that to him writing today.

I never plan on selling them.They generate tax free income because these are in a ROTH, the taxes I would have paid in this income vs the tax write offs are severely in my favor.I can pull monthly tax free money out of this account, never run out of money as I can pull thousands of dollars in just incoming rent out.

Then you ask them to email you or mail you something in writing saying just that. 

I'd consider writing the bank a check for a couple grand but surely won't for $10k or more.

At that point you should have the money to hire a bi-weekly or weekly person to come by and do everythng for you - write checks and everything.

The earlier you recognize this, the better off you will be in the long run Exactly this is the kind of borrower that is a freaking nightmare and I personally would not even engage or write them back..

Did you put it in writing for them to have it drain into the shower? 

There is likely a work around to claim some sort of something to get to the point of writing off the expenses but you might be hard pressed if you were to get an audit.

In fact, after writing this, I'm tempted to start buying in Peoria.Regarding management costs: you wanted to include more costs for placing tenants.

I could write a book on how misleading FICO scores can be down in C-class, and why.4.