If this happens, the attorney will probably seek thousands of dollars in attorney's fees and costs, far greater than the security deposit.This is incredibly frustrating since this attorney filed many of these type of cases against landlords throughout Florida!!!

I've found the area to be incredibly over-saturated with rentals, really driving down nightly rates and occupancy.

The following is our approach, not just financial, but mental also getting ready for retirement.1.  

Can try to reposition to Class B, but neighborhood may impede these efforts.Vacancy Est: Historically 10%, but 15-20% should be used to also cover tenant nonpayment, eviction costs & damages.Tenant Pool: majority will have FICO scores of 560-620 (approaching 22% probability of default), many blemishes, but should have no evictions in last 2 years.

I don't think it was ever easy to make a lot of money, but people are still doing it.I am seeing a ton of people scale their portfolios incredibly fast in today's market.

It's been an incredible way to get started and build momentum!

How are you approaching funding your deals in this current market?

This couldn't be more of a true statement with the current clients I'm dealing with.. on one spectrum, I have clients that are incredibly respectful take my recommendations and listen and on the other I have people who are just plain rude and are a pain to work with. 

Verifying last 2 years of rental history and income extremely important to find the “best of the worst”.Make sure you understand the Class of properties you are looking at and the corresponding results to expect.PM us if you’d like to discuss this logical approach in greater detail!

I'm assuming I may have to pursue a cash for keys approach or potentially evict the one with the protective order.