Follow simple instructions.

I am a CPA by trait, and an entrepreneur by nature.

I don't know if you've read any of the Peter Conti & David Finkel's books on the subject but they instruct you to employ the same method the man in the comment aboved advised you to.

@Carson M.I defiantly don't know as much as these guys do about getting a loan, but you may be at risk with Uncle Sam for not claiming your landscaping income on your tax returns.Even though you may not have been able to legally register a business with the State of Michigan, it doesn't mean the state and feds don't want your tax dollars.Since you are an entrepreneur at heart, I would suggest possibly amending your returns to report the income.

Most of that additional 4-pages contains items that a) our insurer insists we make clear to the tenant or b) the Rentalsman has decided are behaviours that, while most would consider common sense, we should not expect to occur to the tenant without explicit instruction {like, don't turn the heat off in the middle of winter when you go home for Xmas vacation}.

I was an entrepreneur before returning back to school here (also did undergrad here).

Your lawyer will instruct you on what to do (or do it themselves), from cure or quit notice telling tenant to pay or eviction will start on the 5th of the month (or whatever your lease and city allows), to them being served with eviction notice by the process server, etc.

At the same time you need to get really active and learn what equity really is and the subtle nuances of value, not what an opportunistic individual selling you something instructs you regarding value.

Also good by Frank: "10 Commandments for Real Estate Investors" (http://amzn.to/15ikXL0) I reread this book (it's very short and to the point) five or six times a year.If there's still room in your stocking I would add these two, both great reads:"Confessions of a Real Estate Entrepreneur: What It Takes to Win in High-Stakes Commercial Real Estate" by Jack Randel (http://amzn.to/17mJU5j)"Creating and Growing Real Estate Wealth: The 4 Stages to a Lifetime of Success" by William J.

You can join my program for half that, you get daily instruction via my secret internet forum reply methods that have been proven to be successful for thousand of investors.