You should however tighten up your lease in the future, as you have already seen there are numerous holes that need to be eliminated.

If you are loaning your money out to a friend or relative who is counting on you for their continued business, you might be putting a lot of strain on that relationship, and have to ask yourself if its worth it.

Now, we have a more measured market stress on our hands- Yellen gradually tightening the screw of interest rates- and we lack the universal sentiment that real estate can only increase in value.

Years of this informal management have strained the relationship between myself and my family member, and I would like to order a multi-year financial audit of the two properties to clear the air and to wipe out any ambiguities in the books.

Why because the family strains that may result could well surpass whatever profits you may or may not be making from this project. [2] Partner with a rehabber and be honest with them, just as you've been with us here.

First Bank is where i started and they have really tightened their requirements.  

....but like a lot of places inventory is tightening.  

This can be anything from a quarterly inspection/"knob-tightening" visit to you just happen to be in the area visiting Aunt Flo.3.

If it will cause too much strain then it may be best to stay in your primary and buy the other properties directly as rentals.

Tighten it up faster if you think there is risk of that.The fee is nice because then there is some income with each turnover to help offset the costs that happen no matter how smooth the turnover.