IF it doesn't have their name highlighted in a blue background (like yours is above) it didn't work properly and you should try again.

IF it doesn't have their name highlighted in a blue background (like yours is above) it didn't work properly and you should try again.

IF it doesn't have their name highlighted in a blue background (like yours is above) it didn't work properly and you should try again.

IF it doesn't have their name highlighted in a blue background (like yours is above) it didn't work properly and you should try again.

I will highlight my 2 cents as a 15-year LL veteranDennis M from Erie makes a solid point - $500 deposit will not cover the extensive damage that a pet can do and the repair work that may need to take care of.So YES - you can get a little more money with non refundable deposits, or deposits, or higher rent.BUT actually keeping that money at the end of the day is hard to do.One thing no one has mentioned - that is that good prop mgt requires regular consistent checking in on the property - even better when you can drop in on a repair when they are not home or not prepared for your visit.

In my previous post I highlighted that the properties and transactions that typically include seller carried elements are generally owned with no mortgage or existing debt and were purchased well over a decade ago.

Email me and I'll send you the latest HUD program highlights for ALFs.

The issue you have which was touched on but I will highlight more is you are a single member LLC.

There are some great articles about this in the blog that highlight the major points, you can search "business plan" on the blog section and you should find some guidelines.I personally recommend using the template from the non-profit business website www.score.org.  

Buy what can, study with a highlighter and take action.