In addition to what you see in this thread, I'd recommend adding a fat safety cushion to your budget for all unplanned expenses. 

That might be a fat chance answer but it's what you could use if he'll give it to you. 

You need a way to frame this so it's good for both parties.Remember: Pigs get fat; hogs get slaughtered.

The FAT lady has sung. 

This indicates to me that there is a lot of fat that can trim, and while you can invest with no money down (read: other people's money), having a bit of your own makes life immeasurably easier. 

....get fat

Purchase price: $178,000 Cash invested: $100,000 Sale price: $322,500 Fix and flip, the investor got fat on this one because it was a year project and we paid him 10% APR.

@Kaylee WalterbachHands down, an honest hardworking new agent, with a great broker, will be the better agent than slick 30 year veteran agent on fat-street, mr.

In anticipation, a big fat thank you!!

What services would you like to see in your unit; new paint, carpet, washer dryer, cable, security, new doors, windows, out side lights, alarmLet them know you want to improve the apartmentsNegotiate with the tenants, agree on a rent increase to cover the up-gradesAs a bonus, agree not to increase their rent for another 2 yearsA gift of a fat turkeys for the holidaysAn end of year bonus for paying on timeA gift certificate for something they may like I consider a tenant a customer, take good care of them and you'll find you will get your rent as agreed.Remember "late charges" increases your net also.Be kind and understanding when tenants don't pay on time, listen to their excuses or problems, you may be able to help them.Tenants are just like us, we all have problems at times, a little leverage, understanding and kindness goes a long way.......they won't forget you.When we have tenants with financial problems I consul with them, we talk about how to earn extra money (that is usually what the problem is...lack of money).I suggest different ways they can earn money without a job; if your tenant is handy; painting, plumbing, roofing, fixing cars, teaching a course, bookkeeping.