@Alan M. As

@John M. As

I do see my post represents just after midnight so it does say Dec 24, but I did not work on X-mas Eve, X-mas Day, or even until just now the day after X-mas, hence my tardy response to your post and all the others.

But it's also well known that in those SAME markets, gross rental return will generally be LESS than 1%/m of the property's value (not necessarily the original cost), which still makes it hard to get positive cash flow (when leveraged at 80%), even though expenses might be significantly less than 50% of gross rent.Lee, you may well be benefitting from a buoyant rental market, but can I ask: what IS that $2,800/m as a percentage of your property's value?

Take a look at MAS 90, it's a module professional accounting package, you'd need the basic and the RE stuff, it's been around awhile,  I ran a mortgage company with the full package.

Account Closed just based on the property's age, you'll probably be on the higher end of the range in terms of R&M.  As

@Ben M. As

Hey @Delicia M. - as others have mentioned, you could hypothetically try to go after the full $50k if it was meant as earnest money deposit but even then the legal chase might not be worth it. 

Also, Mike Scheidler with MAS Construction is great.Thanks!

Home is cash flowing around $600/m as of right now and will continue to cash flow when refinanced.