You could explain that if she continues her late payments you will not allow her continued tenancy, if she pays on time for 6 months you might be willing to reconsider a bit longer term... but not more than (12) months so you can raise the rent to market... and you want to do that every time you can.Don't worry about timing your lease expirations, I believe LA will be very similar to my market (Phoenix) and it doesn't matter what month a property becomes available, we always have plenty of potential tenants to quickly fill our vacancies... usually in less than a week.Good luck!

This was quite useful.Based upon Than reaching out and asking for feedback I will reconsider the program.My brother is a realtor in Hawaii and wanted to start to learn how this might benefitboth of us. 

Originally posted by @Steve Vaughan:I have no angle or interest so I turn em all down when asked to be a guest.I wish you'd reconsider ONE podcast...

However, I am reconsidering if it would be a smart investment strategy?

Now if it gets to a point where if I'm making 300 and hour on paper and only taking home 144; I might reconsider how much I am working and how hard.

And, you may have to reconsider going forward or not in the sale.The other item that you may want to ask about is electrical wiring.

If you're not using financing and instead are coming out of pocket for the full purchase price...THEN I'd strongly encourage you to reconsider and instead strategically use a loan to get other property.Exit

@Michele Sidney This being your first deal and how you presented numbers, you need to reconsider.

If the wife ever threatens to make me go back to the corporate world, I may reconsider :)BTW, I've looked at mountain cabins, and the numbers are much more appealing.

Recheck how your properties are insured and reconsider how you hold your properties, especially when your just starting out, takes awhile to build up your rentals, but you can lose it all in just a few minutes..