But I am a glutton for punishment, so it only wet my appetite so I kept going onto other deals.To answer Mike's question - I went on to get my Brokers Lic. and took over an existing office as the operations manager, first thing I did was revamp the rental department.

Yes, if the house sells for more than is owed and costs of f/c sale, the owner would be entitled to the excess, but that is more a theory than something that really ever happens in reality (except in very rare cases).  

It is the risk appetite of the bank at that time and other factors as well.Hope this helps.

Calculate how much extra this tenant's habit is costing you and factor it into the rent or add an extra charge for excess utility use.

My current plan is to connect with a motivated delinquent property owner who will accept a small payment to sign their property over to me and then market the property for a discount below current market value or allow the county to sell the property and collect the excess proceeds.

One of the most common problems in excessive water usage - - flush the toilet and the water never stops running. 

How much should I allow for advertisement, to make sure the property manager doesn't advertise excessively and waste money when it's not necessary?

Regardless, when you add the deductible expenses to my depreciation deductions, I’m ending up with over $10,000 of tax deductions in excess of rental income on this property that I can apply toward other forms of passive income.

The problem I am dealing with now is the following;About 3 weeks ago, my area had an excessive snow fall over 30+ inches. 

There will be an excess supply of units and small landlords will be competing against product designed expressly for millenial tastes.