(As an aside, a quick tip for searching BP forums; I'll often just use Google and put in my search terms plus "site:www.biggerpockets.com" rather than searching through the BP interface itself.)Out of curiosity, what areas are you looking in?  

I make rent due by the 5th, and late payments accrue on the 6th at the rate of $15 per day. 

Made a big life/work transition and had to accrue some debt and extra monthly expenses.

This has really sparked my curiosity about real estate investing.

Just out of curiosity - what kind of cap rates are you looking in the Seal Beach area?  

(also for my own curiosity)

Also since the rehab is just completed it's easy to overlook the capex layaway account but unless you plan to exit (most likely at a loss) in the next couple years it's best to start accruing for all of those down the road items.Thanks for sharing info about your deal, and best of luck to everyone with your REI.

This may be more than the sum of the missed mortgage payments - it may also include the accrued interest, penalties and legal fees that the lender wraps up into the amount owed them to bring the mortgage back into good standing.

I have been in RE four years. I have done moderately well. I have been successful using only one type of RE investment strategy. I do residential and small commercial multi-family value add investments. My strategy is...

How did you split that with your investors out of curiosity?