It will include a compact bathroom, a tiny kitchen area, and a heater—just the essentials to make it comfortable for someone to stay in.

It’s standard practice and an essential safeguard for landlords.Trust your instincts and treat this as a non-negotiable policy.

. $50/mon cashflow is essentially breaking even and even with the $125/mon you're not cashflowing enough to justify the risk, i don't think.

I'd suggest that there is essentially no tax implication for this as compared to your alternatives.

@Alec Barnes As the owner of a property management company in Texas, I completely agree that a solid screening process is essential for placing quality tenants.

When the tax base disappears so do essential services.

If you have any questions feel free to send me a message and I'd be more than happy to help you get connected with some of these other essential people as well. 

From 2nd Mortgages to 1st MortgagesWhen I started, PPR was buying primarily 2nd mortgages. 2nd mortgages is essentially loss mitigation (helping the borrower get back on track and stay in their home).

@India H.When you're diving into real estate investing, especially through auctions, it's essential to have your financing and structure in place.

It was my first ever purchase and I focused on a obtaining a property in the Scarsdale School District.