Excessive talking is usually an attempt to prevent getting challenged on anything.Better Business Bureau is making money off accreditation.. but I would still take a look at the complaints.

Hasn't paid ANY utilities, breaks the guest policy(excessive overnight guests,having people in the house when he isn't there) and he is very loud when he comes in at night.He is also damaging my property i see.

Net result is that now when I have a deal, it's usually sold before the ink on the contract is dry.

They will drain you dry when your tenant stiffs you on payment and you are left paying the mortgage you promised you would pay from your seller.

In many markets around the country the cycles have shifted and no money down type arrangements have dried up.

So, it will likely solve your first problem (keeping the basement dry), but it won't solve your second problem (keeping the wall from bowing/cracking.In order to keep the wall from bowing/cracking, your two options are to install exterior drain tile and/or to brace the wall with steel columns or plates.

Out of that $540 you're paying:TaxesInsuranceUtilities (at least when vacant)Legal costsCPA costs (or, higher taxes if you try to DIY your taxes)Vacancy (even if just for a week or two during turnovers)Routine maintenance (inevitable, stuff really does break)Make ready costsTenant damage in excess of security depositsCapitalThe 50% number is well supported by large data sets.

Here in the DR, I have spoken to most that utilize the same setup, right now im trying to target areas that are newly renovated and have gyms and elevators.

If its a dry location or not the rainy season, then putting it off would be ok.

Ha I feel I'm in Real Estate Investing 103 instead of 101.One thing to keep in mind is that you don't want to dry up a mentor's time by asking every question you have when starting out.There is PleNTy of information out there to get comfortable with REI so I suggest you learn what you can before seeking out a mentor.Here are the best sources I've found:1) BiggerPockets (Congrats your past step #1!)