If the seller is an expert negotiator, I would lighten up on this stance.

(Ok... lighten up and enjoy the humor)Topic #2: I still use the old method of rent collection, that is, having the tenants send a check through snail mail on the first of the month.

This could lighten the paperwork load but I guess need to weigh the cost/benefit.

HVAC guys that know repairs and know how to make it work if it can be fixed instead of replaced, paint crews with OK carpentry and repair skills, plumbers that move lightening fast, tile contractors that can do anything for super low prices.

I would add to lighten up about the grass as well.

. $20-$25k (if I use my neighbor, prob. be able to do a 5% deal on all 3 houses)My friend/GC would be the primary GC and I would be assisting and learning as much as I can and trying to lighten his work load bec. of his lower cost.He has built several of these houses and already has the plans draw up and they have been selling for $400k and his new builds will be going for approximately $415k as the first few were sold to establish the street.Being conservative I estimate a profit of approximately $60k +or- per build.I originally was looking to borrow $250k per build to leave room for unexpected costs, and I was offering 15% of the borrowed amount upon completion of the project (not APR) and no monthly payments.

Hopefully appreciation will bail you out eventually, and the losses on your tax return will lighten the burden some.

Lighten up Francis".But, I will address some of the serious replies.

While the above advice is solid, they aren't working in San Diego and this market is lightening fast.

Lately I've been feeling like I could use an emotional support Hyena to help me lighten up about how brutally difficult these markets have been.