If you don’t, you could find yourself in financial trouble.

When investing in real estate, having multiple exit strategies is key.For a single investment property, make sure the numbers work for both scenarios: 1️) If you decide to sell the home, the deal should produce a solid return. 2️) If you need to rent it out, the rental income should cover expenses and provide a profit.Flexibility is what saves you when things don’t turn out as planned.

You can make checking accounts for the deposits but I prefer Savings accounts because it produces more interest that the landlord can keep here in NC ;)

Each strategy produces slightly different rent rates.

If they have the income but only pay 62% on time, it shows they are going to be trouble and do not take it seriously.

Consistency of your evaluation criteria is key for staying out of trouble.

The claims of 1hr to collect rent, produce receipts, and deposit checks also seems like a reasonable claim if done physically and not electronically.

Although we didn’t have any trouble getting around and all roads seem to be clear.

If they don;t sell they will be in a heap of trouble.

You need to understand how to drive the Net Operating Income to produce a good solid return.