>The Case-Shiller home price index for December was 3.5% for Cleveland and 2.6% for LA and 2% for SF.That is like looking at the stock market over the last month and concluding that it loses money all the time. 

I will only start an eviction if I have concluded that incurring the turnover costs is preferable to keeping the tenant.

To conclude, having the boots on the ground and a team you can trust is I guess my number 1 rule of investing outside of your backyard.

However since she is asking simply say you do not rent to convicted criminals and that if she wishes you will let her out of her lease with 2 months notice, vacate end of February.As for getting rid of her unless your state regulations state otherwise you do not give a reason or discuss her husband you simply send her notice that you will not be renewing her lease when it concludes.

However, back then, both me and m wife had high income W2 jobs, and concluded we could not do it part time as a hobby.

Just $50/month.A looooong stretch to conclude this was a sale, IMO.

But every one here don't know all the stuff in order to conclude and either say " Go after the guy" or" pay the agreed price and move on "I am not an expert but few high level things - it seems atleast in some states , installing third layer of flooring is illegal .

But I will tell you that when I used agents to represent me, just as a buyer, I would still get passed over (no B&H or counter) just as much, if not more.Because the same outcome occurred in both instances, I have concluded that whoever ended up getting the property with had an inside connection of some sort.

If a court is deciding whether your business and personal assets are effectively the same, it will be much easier to conclude they are not if they aren't all going in and out of the same bank account.

The ratio of rent to purchase price is pretty good, so the poor return is largely due to the very high property taxes.I could easily conclude that this area is not a good one for buying rental properties (at least not for me), but I thought I would first try some creative approaches to making the deals more appealing.For the sake of this discussion, assume that the purchase price has already been reduced as much as possible based on all other factors, and that the numbers used for rental income, maintenance, etc. are conservative.