I would have a section on the lease that points out whether they do have coverage or are declining coverage to CYA in case there is a loss and they starting asking you to buy them new clothes and a flat screen (which I've also seen from clients).

Most of their parents' belongings, including clothes, furniture, appliances, and junk, were still in the house, but from what i could see, the house looked like it would be just about ready to live in once everything was removed.

If all the food, clothing, and furniture is gone, they're probably gone.

My daughter has trouble living with anyone, even best friends -- so if you get upset at someone leaving a coffee cup on the counter or clothes in the dryer, bringing other friends in the house, etc., then maybe find an alternative to renting out a room.

agree with what others have said but would like to add it may also be a ventilation issue as opposed to a leak/water issue.I have very poor ventilation in my garage and as a result of the hot humid/damp days I have seen some mold forming on the block wall inside my garage as well as the sheetrocked ceiling.

So if you go any of about 5 national clothing chains I've worked with in the past few years and complain that they're always out of something, there's a decent chance you're griping at me.I sold out in Kentucky a few years ago and moved to Florida.

To truly benefit from L/O, you place yourself as an adversary to the tenant clothed as a benefactor.

Before you spend on the re-finish of the basement, make sure that you have a clear understanding of how water can seep into the basement, and the control methods.Here's another thread that covers some of that:http://www.biggerpockets.com/forums/67/topics/74907-easy-fix-for-a-damp-basement

If you have high bills then you need to cut things out cable, fancy clothes, toys, etc.Go down to the bare bones and live well below your means and then as you experience success start adding things back in slowly but still live a modest lifestyle compared to your income and invest the rest.The goal is to eventually have so much money then you live a very nice lifestyle but it still only represents a fraction of your wealth and each year it grows bigger and bigger.Most just spend all the money they make and have hardly anything to show for it.

They basically wait till we finally get a judgement then they take off with the clothes on their back and leave everything else behind.