Will monthly rent cover all expenses and provide additional funds to set aside for reserves?

Keeping good relationships with lenders in your buying niches can help you have yourself covered without wasting a ton of time! 

You will have to switch from a homeowner’s insurance policy to a landlord insurance policy which covers rental specific risks.3.

., payroll, invoicing for non-rental income), you might want to keep both.Ultimately, it depends on your specific needs:For property-specific accounting, Buildium is likely enough.For broader business finances, consider running both or consulting a CPA to see if Buildium covers all your requirements.

This is a garden home and the yard is fenced in with a 10 foot privacy board in board fence The neighbor stated it was making her violently ill and that it is a health hazard for her as it was coming in through her vents and or windowsshe has also been known to harass my last tenant, and sending us text that trees are too close to her home telling us that we need to cut it because there were branches over her skylight and she claims that it was scratching the cover. she called the city when the last tenant had to sell all of her items at an estate sale due to loosing her job and having to move from the property and cited that she was in violation of city ordinances due to not informing the county of an estate sale.

Consider a duplex or triplex, live in one unit, and rent out the others to help cover your mortgage.

Furthermore the attorney said I'd have to cover the tenants lawyer cost if I brought them to small claims. 

This is how we make a living and cover our bills . 

Current lease agreement says tenants will cover utilities. 

Hear from Mitzi Taylor, Broker/owner in her home town of Pea Ridge; Lori Hawkins and her husband handle Madison County residential and land listings for Smith & Assoc with major focus on Huntsville; and Robert Smiley of McGraw Realty covers Siliam Springs as well as Eastern Oklahoma.